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Hyperbolic - Seed
Overview Investors Company Profile / Project Introduction
Overview
Funding Date
July 30, 2024
Financing amount
$7M
Valuation
--
Category
About Hyperbolic - Seed
Hyperbolic has raised $7 million in Seed funding round co-led by Polychain Capital and Lightspeed Faction, with participation from Chapter One, LongHash, Bankless Ventures, Republic Digital, Nomad Capital, CoinSummer Labs, and Third Earth Capital. The newly acquired funds will be directed towards the development of Hyperbolic's open AI cloud platform. This includes hiring key engineers and creating a supportive ecosystem for developers.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2016 | 163 | [email protected] | ||
| Fund | Unknown | -- | 8 | -- | ||
| Fund | United States of America | -- | 24 | -- | ||
| Fund | Singapore | 2018 | 84 | [email protected] | ||
| Fund | Unknown | 2022 | 35 | -- | ||
| Corporate | United States of America | 2016 | 52 | -- | ||
| Corporate | Unknown | 2022 | 28 | [email protected] | ||
| Lab | China | -- | 7 | -- | ||
| Fund | Unknown | -- | 2 | -- |
Company Profile / Project Introduction
Hyperbolic is building an AI cloud to enable open access to AI. It is achieving this goal by solving three major problems:
- System: Building a scalable system to aggregate global GPU compute and developing AI services to maximize the performance of any kind of GPUs
- Verification: Making sure the outputs coming from the network are run on the correct AI model
- Privacy: Protecting users' data privacy even when the requests are handled by a random third-party node
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