Hyperbolic raises $12M Series A from blockchain VC firms, Polychain Capital and Variant
Hyperbolic, the leading provider of open access AI computing and inference services, has raised a $12M Series A led by Variant and Polychain Capital, two leading blockchain-focused venture capital firms. This latest raise brings the companys total funding to $20M.
With this strategic funding, Hyperbolic aims to expand its engineering, go-to-market, and strategic teams. Additionally, Hyperbolic plans to launch its own blockchain in 2025, furthering its vision of the future of AI being collectively governed.
Hyperbolic is the first player weve encountered that truly addresses the cost of trust issue in decentralized GPU networks, without sacrificing performance, quality, and user experience, said Jesse Walden, managing partner at Variant. With Jasper and Yuchens deep expertise spanning both crypto and AI, they are uniquely equipped to transform decentralized compute marketplaces for AI models.
Following lead investors Variant and Polychain Capital, other notable backers in this funding round include Chapter One, Lightspeed Faction, Bankless Ventures, IOSG, Vertex, GSR, Wintermute Ventures, Blockchain Builders Fund, Alumni Ventures, and Ambush. This follows a $7 million seed round led by Polychain Capital and Lightspeed Faction, which came after a $725,000 pre-seed round with participation from investors such as Chapter One and Samsung Next. Angel investors in this round include Sreeram Kannan (EigenLayer), Devin Walsh (Uniswap Foundation), Ethan Sun (MyShell), Daniel Shorr (Modulus), Bidhan Roy (Bagel), Ying Sheng and Lianmin Zheng (LMSYS), Dillon Rolnick (Nous Research), Alex Atallah and Louis Vichy (OpenRouter), Chainyoda, Comfy Capital, Nicola Greco (Protocol Labs), Alex Atallah (OpenRouter) and Thomas Sco (formerly Worldcoin).
Built on a strong Web2 foundation, Hyperbolic is trusted by major AI players like Quora, Hugging Face, OpenRouter, Black Forest Labs, Nous Research, LMSYS, and leading universities such as Cornell, UC Berkeley, NYU, and Stanfordgiving it a significant edge over crypto-first competitors. Now expanding into Web3, Hyperbolic bridges the two worlds because the future of AI is about collaboration. Unlike many Web3 AI projects that falter, Hyperbolic delivers with its GPU Marketplace, Inference Services, and Proof of Sampling (PoSP) the gold-standard verification protocol. With maximized GPU performance, higher precision models, and secure, affordable solutions, Hyperbolic sets a new standard for reliable, high-performance AI in Web3.
Hyperbolics GPU Marketplace provides AI developers with on-demand, affordable GPU access. Powered by Hyper-dOS, Hyperbolics decentralized operating system, the marketplace enables suppliers to monetize idle GPUs while offering renters up to 75% cost savings and access within a minute. With flexible, on-demand rentals, Hyperbolic empowers developers to overcome traditional compute barriers.
Hyperbolic uses aggregated compute and its proprietary Proof of Sampling (PoSP) protocol to deliver its verifiable Inference Service at a fraction of the cost. Serving 30,000 Web2 users, it processes over 1 billion tokens daily, hosting cuing-edge open-source models and adding new ones based on community demand. By running models at BF16 precision for quality (unlike competitors stuck at FP8) and providing early access to new models, Hyperbolic empowers developers with cost-effective, high-quality inference while safeguarding user data and intellectual property.
Developers and researchers ready to take their ideas Hyperbolic can head to app.hyperbolic.xyz and create an account to access a broad range of global GPU resources and open source models at affordable prices.
For more information about Hyperbolic, its GPU Marketplace, and verifiable Inference services, please visit www.hyperbolic.xyz.
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