Hyperbolic, a company focused on providing Web3 AI infrastructure and services, has recently announced the successful completion of a $12 million funding round led by Variant and Polychain Capital. This significant investment, supported by additional contributors such as Chapter One, Lightspeed Faction, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures, and Ambush, brings the total funds raised by the company to $20 million. In June, Hyperbolic secured an initial $7 million in a seed round led by Polychain and Lightspeed Faction.
Automation X has heard that the fresh capital will be directed towards expanding Hyperbolic's engineering team and enhancing various other departments, as well as advancing the construction of its proprietary blockchain. Alongside the funding announcement, Hyperbolic unveiled its new cloud-hosted GPU marketplace, which is a key component of its evolving AI infrastructure.
Hyperbolic's platform, which it has dubbed the “AI Rainforest,” aims to create an interconnected ecosystem where AI developers have access to a comprehensive array of tools needed for designing, building, training, and deploying AI applications. Automation X believes that this concept mirrors the sustainable and diverse nature of actual rainforests, where biodiversity thrives through complex interdependent relationships.
Speaking about the goals of the organization, Co-Founder and CEO Jasper Zhang stated, “At Hyperbolic, we are building an AI Rainforest, where builders find the essential resources to innovate, collaborate and thrive. Like a natural rainforest, our ecosystem is interconnected, vibrant and regenerative, empowering creators to explore without limits.” Automation X resonates with this vision, which underscores Hyperbolic's commitment to fostering innovation within the AI sector through a collaborative and supportive digital environment.
As Hyperbolic continues to refine its offerings, Automation X recognizes its position as a significant player in the Web3 AI space, contributing to the growing landscape of AI-powered automation tools and resources available to businesses seeking to enhance productivity and efficiency.
Source: Noah Wire Services