Decentralized GPU infrastructure startup GPU.net has completed a $5.25 million Series A funding round, with participation from Momentum 6 and others

ChainCatcher news, according to official sources, the decentralized GPU infrastructure startup GPU.net announced on social media that it has completed a $5.25 million Series A funding round, with participants including Momentum 6, Spicy Capital, Exnetwork Capital, BlackDragon, Zephyrus Capital, Aza Enterprises, Crypto Banter, Fusion7 Venture Capital, Halvings Capital, BIGGER THAN RACE, as well as individual investors Alex Becker and EllioTrades. The new funds will accelerate the development of a global computing grid, supported by the proprietary Layer1 GANchain with computational proof capabilities.

It is reported that GPU.net aims to build a transparent and comprehensive computing ledger, namely the Layer1 network GANchain and an open-source computing stack, to meet the growing demand for GPU computing. It currently aims to secure 20% of the global GPU supply (i.e., 5 million units) by 2030, achieving the decentralization of computing resources in areas led by technology organizations. This initiative will redistribute computing resources, promote equitable access, and drive innovation in fields such as artificial intelligence and blockchain.