TechFlow reports, on December 11, according to The Block, Exabits, a crypto AI startup focused on GPU tokenization, announced it has raised $15 million in seed funding at a $150 million valuation, led by Hack VC. Co-founder Hoansoo Lee revealed that the company's quarterly revenue grew 300% quarter-on-quarter, with annual recurring revenue (ARR) reaching $10 million.
Exabits plans to launch a token in the future, offering holders returns from computing assets through its GPU tokenization model. Meanwhile, Hyperbolic, a competitor in the same space, also announced today that it has secured $12 million in strategic financing led by Variant and Polychain Capital.
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