Web3 AI platform Hyperbolic has successfully closed a $12 million Series A funding round, co-led by Variant and Polychain Capital. This latest investment round also saw participation from notable investors such as Chapter One, Lightspeed Faction, IOSG, and others, bringing the company's total funding to $20 million. Hyperbolic is focused on providing AI infrastructure and services through a decentralized network of GPU power, leveraging blockchain technology. The funds will be used to expand their engineering team and further develop their blockchain. Additionally, Hyperbolic has launched a cloud-hosted GPU marketplace, described as an "AI Rainforest," offering a comprehensive ecosystem for AI builders.