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Fast take:
Exabits is constructing a decentralised computing community that permits direct entry to GPU compute property.
The corporate has created a liquid market that generates income and rewards token holders.
Lee claims Exabits has been rising its income by roughly 300% each quarter over the previous yr, bringing its annual recurring whole to $10 million.
Exabits, a decentralised computing companies supplier leveraging blockchain know-how to supply open entry to GPU compute property has raised $15 million in a funding spherical led by Hack VC.
The fundraising additionally attracted participation from a number of undisclosed traders, co-founder Dr. Hoansoo Lee informed The Block. Lee additionally added that the spherical brings the overall raised to $20 million, valuing the crypto AI startup at $150 million.
This isn’t Hack VC’s first funding in Web3 AI. In Could, the agency led a $6.2 million seed spherical for ChainML, a crypto AI startup that’s constructing a decentralised community for coaching AI brokers.
In February, the enterprise capital agency launched a $150 million first fund targeted on backing early-stage Web3 and AI startups.
Exabits seed spherical comes at a time when the corporate has skilled super top-line development. In accordance with Lee, the corporate has seen its income develop by 300% each quarter over the previous yr, contributing to a recurring whole of $10 million.
Exabits affords a community of decentralised GPU energy, which Lee calls “the forex of the digital age”, including that the GPU compute business is outperforming conventional property like bitcoin and gold, and that there’s nonetheless room for development.
“AI’s impression on the world is just scratching the floor, and we’re excited to be on the forefront of this evolution, driving development and market traction by way of the event of our superior infrastructure and distinctive GPU tokenization mannequin,” Lee mentioned.
In accordance with Lee, his firm’s decentralised computing community permits direct entry to GPU property, thus producing income and rewarding token holders.
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