Hyperbolic Secures $12 Million Series A to Build Interconnected AI Rainforest Ecosystem
Hyperbolic, a company specializing in Web3 AI infrastructure and services, has recently secured a significant funding round to further its ambitious goals. The company completed a $12 million Series A funding round led by Variant and Polychain Capital, bringing its total funding to $20 million. This investment is crucial for Hyperbolic’s vision to create an interconnected ecosystem for AI developers, dubbed the “AI Rainforest.”
The funding round saw participation from various investors, including Chapter One, Lightspeed Faction, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures, and Ambush. This diverse group of backers underscores the confidence in Hyperbolic’s mission to revolutionize AI infrastructure by integrating global GPU computing resources and incorporating blockchain technology.
Hyperbolic’s platform aims to provide verifiable, secure, and reliable AI services to the market, addressing the industry’s pain points of high computing resource costs and uneven distribution. The company has also launched a decentralized orchestration layer, Hyper-dOS (Hyperbolic Distributed Operating System), to provide solid technical support for the entire GPU market.
The fresh capital will be directed towards expanding Hyperbolic’s engineering team and enhancing various other departments, as well as advancing the construction of its proprietary blockchain. The company plans to launch its own blockchain next year, which will be a critical component of its AI infrastructure.
Hyperbolic’s CEO, Jasper Zhang, emphasized the importance of this funding round, stating that it will provide the company with a clearer strategy, enabling it to transition from its earlier, scrappier phase to a more refined and confident approach. The “AI Rainforest” ecosystem is designed to foster innovation for researchers and developers by delivering scalable, reliable, and accessible infrastructure for AI growth and collaboration.
In addition to the funding announcement, Hyperbolic unveiled its new cloud-hosted GPU marketplace, which is a key component of its evolving AI infrastructure. This marketplace will allow AI developers to access a comprehensive array of tools needed for designing, building, training, and deploying AI applications.
Hyperbolic’s vision mirrors the sustainable and diverse nature of actual rainforests, where biodiversity thrives through complex interdependent relationships. The company aims to create an ecosystem where AI developers have access to all the necessary tools and resources to innovate and collaborate without limits.
The successful completion of this funding round is a testament to the growing interest in blockchain and AI technologies. Hyperbolic’s innovative approach to AI infrastructure has attracted significant attention from investors, positioning the company as a leader in the Web3 AI space.
With this new investment, Hyperbolic is poised to make significant strides in its mission to provide open access to AI infrastructure and services. The company’s commitment to leveraging blockchain technology to ensure authenticity and security in AI services is particularly noteworthy, addressing a critical need in the industry.
Overall, Hyperbolic’s $12 million Series A funding round marks a significant milestone in the company’s journey to create a comprehensive AI ecosystem. The investment will enable Hyperbolic to expand its capabilities, enhance its infrastructure, and further its vision of creating an interconnected “AI Rainforest” that fosters innovation and collaboration in the AI community.