Distributed cloud computing company Prodia completes $15 million financing, led by Dragonfly Capital

ChainCatcher news, according to The Block, distributed cloud computing company Prodia has raised $15 million in a seed round led by Dragonfly Capital. Other participating investors include HashKey Capital, Web3.com, Index Ventures, Symbolic Capital, OKX Ventures, EV3, Artichoke, TRGC, Folius, Tangent Capital, Southern Equity, as well as individual investors such as Polygon founder Sandeep Nailwal and Balaji Srinivasan.

It is reported that Prodia is dedicated to building a distributed GPU network, providing more efficient and cost-effective cloud computing services through the use of web3 infrastructure. The company plans to use this funding to expand its business, increase support for generative video and large language models (LLMs), and diversify its GPU hardware offerings. Prodia co-founder Mikhail Avady stated that Prodia's services allow customers to easily integrate AI into any application without needing to understand GPU knowledge, which sets it apart in competition with traditional cloud services like AWS.