Hyperbolic Labs Raises $7M in Seed Funding Led by Polychain and Lightspeed

Jul 30, 2024, 01:26 PM

Hyperbolic Labs, a Web3 AI firm, has successfully raised $7 million in seed funding. The funding round was led by Polychain Capital and Lightspeed Faction. Hyperbolic Labs specializes in blockchain-based AI networks that utilize idle GPU capacity. The company has been recognized for providing rapid response and high-quality AI models, particularly in collaboration with platforms like Weave and Near Horizon. This funding will support Hyperbolic's mission to develop open, permissionless, and credibly-neutral AI protocols. The platform was founded by a Math Olympian.