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
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
04/14/24, 4:13 PM
Location
delhiMoney raised
$5.25 million
Industry
software
cryptocurrency
blockchain
Round Type
series a
Investors
Bigger Than Race Ventures, Halvings Capital, F7 Foundation, Aza Ventures, Zephyrus Capital, Blackdragon, Exnetwork, Spicy Capital, Momentum6
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 Info
Location
delhi, delhi, india
Additional Info
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.