Exabits, a San Mateo, CA-based provider of a compute-base layer platform transforming high-end GPU (graphic processing units) clusters into accessible investment assets, raised $15M in funding, at a $150M valuation.
The round was led by Hack VC, along with other investors, following a previous round led by Portal Ventures.
The company intends to use the funds for research and development, brand creation and technology improvement.
Exabits is a provider of a platform that financializes AI compute by tokenizing enterprise-grade GPUs. As a supplier to io.net, it enables individual users to become stakeholders in AI infrastructure, offering direct exposure to compute assets and yield. Participants contribute to the expansion of enterprise-grade GPU clusters, enhancing compute capacity and efficiency while earning returns.
Its model offers direct exposure to GPU compute assets, creating a liquid market that enhances decentralized ownership, generates revenue through enterprise-grade services, and rewards token holders.
Since its launch, the company has been incubated by institutions, including the Stanford Blockchain Accelerator, Berkeley Xcelerator, and is the first and only blockchain project incubated by the Harvard Innovation Labs. Most recently, Exabits announced its collaboration with Seoul National University, providing computing and processing power to the Vehicle Intelligence Lab led by Professor Seung-Woo Seo, to support the research of AI based autonomous driving.
FinSMEs
11/12/2024