logo
logo

GPUnet raises $5.25m in Series A round led by Momentum6, Spicy Capital, Exnetwork, Blackdragon, Zephyrus Capital, Aza Ventures, F7 Foundation, Halvings Capital, and Bigger than Race ventures to expand access to GPU compute for enterprises

Apr 14, 2024•over 1 year ago

Amount Raised

$5.25 Million

Round Type

series a

DelhiSoftwareCryptocurrencyBlockchain

Investors

Bigger Than Race VenturesHalvings CapitalF7 FoundationAza VenturesZephyrus CapitalBlackdragonExnetworkSpicy CapitalMomentum6

Description

GPUnet has successfully raised $5.25 million in a Series A funding round. The majority of GPUs are currently owned by the largest cloud providers, creating a high premium for enterprises to purchase their own. The company plans to use the funding to expand access to GPU compute for enterprises.

Company Information

Company

GPUnet

Location

Delhi, Delhi, India

About

GPUnet aims to provide pre-training clusters for enterprises to rent GPU compute. The company's supply comes from independent data center operators that have been providing compute primarily to crypto facilities. GPUnet plans to use this distributed architecture to create a single network.

Related People

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers