Hyperbolic, a leading provider of open access AI computing and inference services, has secured $12 million in Series A funding.
The funding round was led by blockchain-focused venture capital firms Polychain Capital and Variant, bringing the company's total funding to $20 million.
The investment will be used to strengthen Hyperbolic's engineering, go-to-market, and strategic teams, as well as support the launch of its own blockchain in 2025.
The funding reflects recognition of Hyperbolic's innovative approach to addressing the "cost of trust" in decentralized GPU networks.
With co-founders Jasper and Yuchen's expertise in both crypto and AI, Hyperbolic is well-positioned to transform decentralized compute marketplaces for AI models.
Hyperbolic's strategic vision is to create a robust ecosystem that enhances the capabilities of AI developers by bridging the gap between Web2 and Web3.
The company's GPU Marketplace provides AI developers with on-demand, affordable access to GPU resources, while the Inference Services deliver high-quality AI inference at a fraction of the cost.
Hyperbolic is committed to safeguarding user data and intellectual property, building trust among developers and researchers.
The company aims to foster collaboration within the AI community and provide accessibility to a wide range of global GPU resources and open-source models.
Overall, Hyperbolic's recent funding round and strategic initiatives demonstrate its commitment to revolutionizing the AI landscape through decentralized solutions.