Web3 AI cloud startup Hyperbolic completes $12 million Series A funding round led by Variant and Polychain Capital

Odaily Planet Daily Report Web3 AI cloud startup Hyperbolic announced the completion of a $12 million Series A financing round, led by Variant and , with participation from , , , , , , , , , and , as well as multiple angel investors. Through this investment, Hyperbolic has increased its total investment to $20 million. The new funds will be used to expand the engineering and strategic team and enter the market. Hyperbolic plans to launch its own next year. According to the introduction, Hyperbolic plans to provide verifiable, secure and reliable AI services to the market by integrating global GPU computing resources and incorporating 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 a solid technical support for the entire GPU market. (coinness) Previously, in July, Hyperbolic completed a $7 million seed round financing, led by and .