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io.net

Series A

io.net operates a decentralized GPU cloud platform that aggregates hundreds of thousands of GPUs into a unified network for AI and machine learning workloads. The platform provides GPU-accelerated resources for artificial intelligence applications, enabling users to deploy scalable clusters for AI development at reduced costs compared to traditional cloudcentralized cloud providers. Founded in 2022 and headquartered…

Enterprise Infrastructure · High Performance Computing, · New York City, United States · EST 2022

About

io.net operates a decentralized GPU cloud platform that aggregates hundreds of thousands of GPUs into a unified network for AI and machine learning workloads. The platform provides GPU-accelerated resources for artificial intelligence applications, enabling users to deploy scalable clusters for AI development at reduced costs compared to traditional cloudcentralized cloud providers. Founded in 2022 and headquartered in New York City, io.net has raised $40M in Series A funding from investors including Hack VC, Solana Labs, OKX, Multicoin Capital, M13 Company, Delphi, Aptos, Foresight Ventures, Animoca Brands, and SevenX Ventures. The company leverages underutilized GPU resources from data centers, crypto miners, and decentralized sources, creating a distributed computing network that addresses the critical GPU shortage facing AI developers and researchers worldwide.

Business model

Cloud Infrastructure > IaaS > Application Specific > High Performance Compute,

High Performance Computing > HPC as a Service > Decentralized > GPU,

AI Infrastructure > Enabling Technologies > Software > Computing Platforms > Decentralised

Institutional investors

Hack VCSolana LabsOKXMulticoin Capital6MVM13 CompanyDelphiAptosForesight VenturesContinue CapitalMH VenturesArkStream CapitalAnimoca BrandsLongHashSevenX Ventures

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