Hyperbolic builds a decentralized GPU marketplace and verifiable AI inference services aimed at developers and researchers who need affordable compute. Its platform is powered by Hyper-dOS and a proprietary Proof of Sampling (PoSP) protocol and it claims to process over 1 billion tokens daily for 30,000 Web2 users. The marketplace enables suppliers to monetize idle GPUs while offering renters cost savings of up to 75%. Customers include Hugging Face, Quora, and universities such as Stanford and NYU. Founded by Jasper Zhang, Ph.D., and Yuchen Jin, Ph.D., the company aims to bridge Web2 and Web3 and unify fragmented AI workflows. Hyperbolic plans to launch its own blockchain in 2025 to facilitate collective governance and will use recent funds to grow engineering and go-to-market teams and scale globally. Hyperbolic operates an open-access AI cloud platform that provides GPU resources and AI inference services to developers and researchers worldwide. The company is led by CEO Jasper (Yue) Zhang and is based in New York. It raised $7M in a seed funding round to advance development of its open-access AI cloud. Hyperbolic plans to use the proceeds to hire key engineers and build a supportive ecosystem for developers. Looking ahead, the company intends to launch its Proof of Sampling (PoSP) protocol on an interoperable blockchain to undergird a decentralized network of nodes. The raise positions Hyperbolic to accelerate product development and ecosystem growth.

Total raised

$19M

Funding rounds

2

Latest round

Series A

Latest activity

Dec 2024