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Hyperbolic secures $12 million for AI and web3 expansion

Raised $12 million for expansion: Hyperbolic, specialized in decentralized AI services, has raised $12 million through a Series A funding round led by Variant and Polychain Capital. This brings their total funding to $20 million, marking a significant step towards expanding their AI and Web3 presence globally.

Cost effective gpu marketplace: The company offers significant cost savings, up to 75%, by creating a decentralized GPU marketplace. This platform addresses the shortage of affordable computing power by allowing suppliers to monetize idle GPUs, providing more accessible resources to developers and businesses around the world.

Strengthening ai and web3 integration: Founded by experts Jasper Zhang and Yuchen Jin, Hyperbolic aims to integrate AI workflows between Web2 and Web3. Their innovative solutions have already attracted MAJOR players like Hugging Face and Stanford University. Plans to launch a blockchain in 2025 will enable community governance over their AI infrastructure.

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