TechFlow reported on July 30 that, according to The Block, blockchain-based AI cloud service provider Hyperbolic has raised $7 million in seed funding led by Polychain Capital and Lightspeed Faction, with participation from Chapter One, LongHash, and several other institutions. The funds will be used to advance Hyperbolic's open AI cloud platform, focusing on hiring key engineers and building a developer-supportive ecosystem.
Hyperbolic aims to leverage blockchain technology to aggregate global GPU computing resources, addressing the cost and allocation bottlenecks currently faced by the AI industry. Its first product is an AI inference service that uses heterogeneous computing methods to optimize tensor operations across multiple hardware backends, delivering high-cost-performance services. Developers can access powerful open-source AI models, such as the large language model Llama 3.1 405B, through simple API calls.
In addition, Hyperbolic is developing a GPU marketplace where users can quickly rent and provision GPUs. In the future, Hyperbolic plans to launch its cross-chain Proof of Sampling (PoSP) protocol to further strengthen its decentralized node network. Hyperbolic’s vision is to build a collaborative AI future, ensuring every contributor benefits from the platform’s success.
