GAIB, a Singapore-based provider of a platform creating financial infrastructure for AI computing, raised $5M in Pre-Seed funding.
The round was led by Hack VC, Faction, and Hashed, alongside strategic investments from groups including Spartan, CMCC, L2IV, Animoca Brands, IVC, MH Ventures, Presto, J17, IDG Capital, 280 Capital, Aethir, and Near Foundation, as well as angel investors.
The company intends to use the funds to expand the R&D and operations teams, accelerate product iteration, and strengthen its infrastructure.
Led by CEO and Founder Kony Kwong, GAIB is an economic layer for AI compute, creating a new type of yield bearing assets backed by real AI demands. It tokenizes enterprise-grade GPUs and their yields, creating a decentralized liquid market for GPU financing, addressing the growing demand for computing while giving investors direct exposure to GPU assets. The platform enables a variety of decentralized finance (DeFi) use cases to be built on top, including GPU backed stablecoins, lending and borrowing, options and futures, and various structured products.
FinSMEs
19/12/2024