- The round also included participation from Chapter One, Lightspeed Faction, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures, and Ambush.
- In addition to creating and eventually releasing its own blockchain, Hyperbolic intends to utilize the money to strengthen its engineering and other interdisciplinary teams.
Venture firms Variant and Polychain Capital led a $12 million Series A fundraising round for the web3 AI cloud company Hyperbolic, increasing its total capital to $20 million.
Chapter One, Lightspeed Faction, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures, and Ambush were among the other investors in the round.
Hyperbolic provides open access to AI infrastructure and services by combining a decentralized network of GPU power and using blockchain technology to guarantee security and authenticity. In addition to creating and eventually releasing its own blockchain, the company plans to utilize the money to strengthen its engineering and other interdisciplinary teams.
We at Hyperbolic are creating an AI Rainforest where builders may find the tools they need to create, cooperate, and prosper. Our ecosystem is dynamic, interconnected, and regenerating, much like a natural jungle, enabling innovators to explore without boundaries.
Along with $725,000 in pre-seed fundraising, Hyperbolic obtained $7 million in seed funding in June, led by Polychain Capital and Lightspeed Faction.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
