Polychain and Lightspeed Invest in Hyperbolic's AI-Driven Blockchain Platform

Tuesday, 30 July 2024, 13:00

Hyperbolic, a new startup founded by a Math Olympian, has successfully raised $7 million in funding led by Polychain and Lightspeed. The platform aims to democratize access to artificial intelligence by providing an affordable cloud solution for startups, researchers, and developers facing high GPU costs. This innovative approach leverages blockchain technology to deliver cost-effective AI services, thereby supporting growth in tech entrepreneurship and research.
CoinDesk
Polychain and Lightspeed Invest in Hyperbolic's AI-Driven Blockchain Platform

Investment Overview

The recent funding round has highlighted the growing interest in blockchain-enabled technologies. Led by Polychain and Lightspeed, the investment aims to empower startups struggling with expensive technology costs.

Why Blockchain and AI?

Hyperbolic’s platform uniquely combines blockchain with artificial intelligence to offer affordable solutions. Key benefits include:

  • Lowering the financial barriers to entry for startups.
  • Providing access to cutting-edge technology at reduced costs.

Conclusion

This funding underscores the potential for disruptive technologies in the finance sector, as more investors seek opportunities within AI and blockchain. Hyperbolic’s approach may pave the way for future innovations that enhance the accessibility and scalability of AI-driven solutions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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