Investment firm Exabits raises $15 million in seed funding for the tokenization of graphics processing unit (GPU) power
Exabits Secures $15 Million in Funding, Valued at $150 Million
Exabits, a decentralised computing services provider, has recently secured $15 million in a funding round led by Hack VC. This round brings Exabits' total raised to $20 million.
The funding round attracted participation from several undisclosed investors, reflecting the growing interest in Exabits' innovative approach to the GPU compute industry. Hack VC, known for its focus on backing early-stage Web3 and AI startups, launched a $150 million first fund in February with the aim of supporting such ventures.
Exabits offers open access to GPU compute assets through its decentralised computing network. According to its founder, Lee, the company is at the forefront of the AI evolution. Lee believes that AI's impact on the world is still not fully realized and that the GPU compute industry outperforms traditional assets like bitcoin and gold.
The revenue generated by Exabits' network rewards token holders, and the company has experienced significant top-line growth. Over the past year, revenue has increased by 300% every quarter. This growth is driving market traction for Exabits, which is achieving this through the development of its advanced infrastructure and unique GPU tokenization model.
However, no details about Exabits' liquid marketplace were provided in the article. Similarly, no further information about the use of funds or specific details about the company's liquid marketplace were provided. As such, precise financial information on Exabits' decentralized computing network growth and funding cannot be verified from the search results.
It is worth noting that Exabits was previously valued at $150 million. The search results do not contain information about Exabits' revenue or funding, including details about the $15 million round led by Hack VC. For accurate and verified financial information about Exabits, it is recommended to consult direct sources such as Exabits' official announcements, press releases, or credible industry financial databases.
Hack VC has previously invested in Web3 AI, including a $6.2 million seed round for ChainML. This investment underscores Hack VC's belief in the potential of Web3 AI startups like Exabits. According to Lee, there is still room for growth in the GPU compute industry, and Exabits is well-positioned to continue its growth trajectory.
Exabits' funding round, led by Hack VC, signals a growing interest in Web3 technology and finance, as proven by the participation of undisclosed investors. Hack VC, known for backing early-stage Web3 and AI startups, believes in the potential of Exabits, having previously invested in Web3 AI, such as ChainML.
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