Web3 AI cloud startup Hyperbolic has completed a $12 million Series A funding round, led by Variant and Polychain Capital

ChainCatcher news, Web3 AI cloud startup Hyperbolic announced the completion of a $12 million Series A funding round, led by Variant and Polychain Capital, with participation from Chapter One, Lightspeed Faction, Bankless Ventures, GSR, IOSG, Vertex, Blockchain Builders Fund, Wintermute, Alumni Ventures, 10K Ventures, Ambush Capital, and several angel investors. With this investment, Hyperbolic has raised a total of $20 million.

The new funds will be used to expand the engineering and strategic teams and enter the market. Hyperbolic plans to launch its own blockchain next year. According to reports, Hyperbolic aims to provide verifiable, secure, and reliable AI services to the market by integrating global GPU computing resources and incorporating blockchain technology, effectively alleviating the industry's pain points of high computing resource costs and uneven distribution. At the same time, 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.