Hyperbolic, a leading provider of open access AI computing and inference services, has raised $12 million in Series A led by Variant and Polychain Capital, two leading blockchain-focused venture capital firms. This latest raise brings the company's total funding to $20 million.
With this strategic funding, Hyperbolic aims to expand its engineering, go-to-market and strategy teams. Additionally, Hyperbolic plans to launch its own blockchain in 2025 to advance its vision of a collectively managed AI future.
“Hyperbolic is the first player we have come across that truly addresses the 'cost of trust' problem in distributed GPU networks without sacrificing performance, quality or user experience,” said Managing Director of Variant. said partner Jesse Walden. “Jasper and Yuchen, with their deep expertise across both cryptocurrencies and AI, have the unique ability to transform the decentralized computing market for AI models.”
Following lead investors Variant and Polychain Capital, other notable backers in this funding round include Chapter One, Lightspeed Faction, Bankless Ventures, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures , includes Ambush. This follows a $7 million seed round led by Polychain Capital and Lightspeed Faction, followed by a $725,000 pre-seed round with participation from investors including Chapter One and Samsung Next. Angel investors in this round include Sreeram Kannan (EigenLayer), Devin Walsh (Uniswap Foundation), Ethan Sun (MyShell), Daniel Shorr (Modulus), Bidhan Roy (Bagel), Ying Sheng and Lianmin Zheng (LMSYS), Dillon Includes Rolnick (Nous). Research), Alex Atallah and Louis Vichy (OpenRouter), Chainyoda, Comfy Capital, Nicola Greco (Protocol Labs), Alex Atallah (OpenRouter), Thomas Sco (ex-Worldcoin).
Built on the powerful Web2 foundation, Hyperbolic supports leading AI players such as Quora, Hugging Face, OpenRouter, Black Forest Labs, Nous Research, and LMSYS, as well as leading organizations such as Cornell University, UC Berkeley, New York University, and Stanford University. Trusted by top universities, giving you an edge over your crypto-first competitors. The future of AI is collaboration, so now expanding into Web3, Hyperbolic is bridging the two worlds. Unlike many Web3 AI projects that stall, Hyperbolic provides a GPU marketplace, inference services, and the gold standard verification protocol, Proof of Sampling (PoSP). With maximum GPU performance, more accurate models, and a secure and affordable solution, Hyperbolic sets a new standard for reliable, high-performance AI on Web3.
Hyperbolic's GPU Marketplace provides AI developers with on-demand, affordable GPU access. Powered by Hyperbolic's decentralized operating system, Hyper-dOS, this marketplace allows suppliers to monetize idle GPUs while providing renters with up to 75% cost savings and less than a minute of access. can. Hyperbolic enables developers to overcome traditional computing barriers with flexible, on-demand rentals.
Hyperbolic uses aggregated computing and a proprietary Proof of Sampling (PoSP) protocol to provide verifiable inference services at a fraction of the cost. We serve 30,000 Web2 users, process over 1 billion tokens daily, host cutting-edge open source models, and add new models based on community demand. Hyperbolic runs models at BF16 accuracy to maintain quality (unlike competitors that remain at FP8) and protects user data and intellectual property by providing early access to new models while enabling developers to make cost-effective, high-quality inferences.
Developers and researchers who are ready to take their ideas to the next level can take Hyperbolic to their next destination. app.hyperbolic.xyz Create an account to gain affordable access to a wide range of global GPU resources and open source models.
To learn more about Hyperbolic, its GPU marketplace, and verifiable inference services, please visit: www.hyperbolic.xyz.
