🎉 Hyperbolic Labs has just secured $7.00M in its latest funding round! 🎉
🔹About: Hyperbolic is an AI cloud platform that consolidates global compute resources to offer accessible, cost-effective, and scalable GPU resources and AI services. It provides high-throughput, low-latency AI inference services, scalable GPU access with pay-as-you-go options, and monetization opportunities for idle GPUs. Hyperbolic Labs aims to build the web for Web3 by developing a decentralized microservices platform powered by an internet-scale mesh network. Recently, they raised $7 million in a Seed funding round co-led by Polychain Capital and Lightspeed Faction, with participation from other investors such as Chapter One, LongHash, Bankless Ventures, Republic Digital, Nomad Capital, CoinSummer Labs, and Third Earth Capital. The newly acquired funds will be directed toward the development of their open AI cloud platform, including hiring key engineers and creating a supportive ecosystem for developers. 🚀🌐
🔹 Lead Investors: Polychain Capital, Lightspeed Faction, Chapter One, LongHash, Bankless Ventures, Republic Digital and many more.
🔹 Total Raised: $7.73M.
🔹 Project Category: Artificial Intelligence, DePIN.
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