• Hyperbolic

  Participated · Seed · Aug 2024

  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.

• Nirvana Labs

  Participated · Seed · Jul 2024

  Nirvana Labs offers Nirvana Cloud, a full‑stack bare‑metal cloud computing platform and web3-centric operating system designed to reduce cloud costs for blockchain workloads. Its product suite includes load-balanced RPC nodes, enterprise-grade dedicated nodes, a fully managed Kubernetes service, and an advanced cloud metrics dashboard tailored to web3 monitoring. The company operates in 14 global data center locations and claims to cut cloud bills by as much as 85% versus traditional providers. Customers include Chainlink, Goldsky, Thirdweb, BitGo, Pairpoint and multiple high-frequency traders, and Nirvana has been launching infrastructure with foundations such as Xai, Berachain, NEAR, and Ape Chain. Management (CEO Dan Burke; founder Devin Bandara) says revenue has grown 650% year-to-date. Nirvana is using new capital to expand its global bare-metal connectivity footprint and deepen product offerings to meet growing demand from web3 firms seeking alternatives to AWS and GCP. Nirvana Cloud (Nirvana Labs) offers a centralized, bare-metal cloud service optimized specifically for blockchain and Web3 workloads, reducing the virtualization layer to improve performance and cost-efficiency. The company dedicates individual servers to single clients rather than sharing hardware, aiming to maximize reliability for computation-heavy tasks like blockchain validation and smart contracts. Nirvana positions itself as an alternative to general-purpose providers such as AWS and Google Cloud by slimming middleman software and focusing hardware on blockchain needs. A company document cited by the article claims Nirvana Cloud can cost about 19.5% less than AWS and 26.91% less than Google Cloud Platform for a 2 vCPU / 8 GB RAM configuration. Nirvana counts blockchain platforms Chainlink and Avalanche among its clients. CEO Dan Burke has discussed the product and the company’s strategy publicly with Blockworks.

No current team members are available.