IO Research, the developer of io.web, a Solana-based decentralized bodily infrastructure community, raised $30m in Sequence A funding.
The spherical was led by Hack VC with participation from Multicoin Capital, sixth Man Ventures, Solana Ventures, OKX Ventures, Aptos Labs, Delphi Digital, and The Sandbox.
The corporate intends to make use of the funds to proceed to increase operations and its growth efforts.
Led by Ahmad Shadid, IO Analysis is the corporate behind Io.web, a DePIN venture constructed on Solana that focuses on aggregating GPU computing energy for AI and ML corporations. With io.web, groups can scale their workloads throughout a community of GPUs with minimal changes. The system handles orchestration, scheduling, fault tolerance, and scaling and helps quite a lot of duties comparable to preprocessing, distributed coaching, hyperparameter tuning, reinforcement studying, and mannequin serving. It’s designed to serve general-purpose computation for Python workloads.
Launched in November 2023, It has already gained vital traction, with over 25,000 GPUs and processing 40,000+ compute hours for AI and ML companies.
FinSMEs
08/03/2024
