Ionet has successfully raised $30M in a Series A funding round to create the world's largest decentralized GPU network aimed at addressing the AI compute shortage. The funding round was led by Hack VC and saw participation from notable investors such as Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, and Aptos. This move is expected to significantly contribute to making AI training and inference more accessible, potentially leading to a surge in AI innovation. The project, which operates on the Solana blockchain, has also achieved a $1 billion token valuation following this latest funding round. Investors and partners have expressed strong support for Ionet's vision, emphasizing the platform's potential to serve as a decentralized alternative for machine learning training on GPUs.
Solana-based DePIN https://t.co/PiSh8CXVeI hits $1 billion token valuation in latest funding round https://t.co/9G8pmCFxUs
Huge raise. I'm very bullish on @ionet_official. Decentralized AWS for ML training on GPUs. $IO coming soon. https://t.co/r5IqXja7PJ
At @Delphi_Ventures it's an honor to back @shadid_io and @MTorygreen at @ionet_official A simple thesis Clustering all different types of hardware, in all different locations, will make AI training and inference accessible and lead to a cambrian explosion of innovation 🌎🤖 https://t.co/6knGuo7zca
Really excited to back the @ionet_official team in their mission to provide the AI industry with the largest GPU DePIN in the world. Onwards and upwards!🤖 https://t.co/q6KChz9GxY
At @Delphi_Ventures it's an honor to back @shadid_io and @MTorygreen at @ionet_official The thesis is simple Clustering all different types of hardware, in all different locations, will make AI training and inference accessible and lead to a cambrian explosion of innovation… https://t.co/6knGuo7zca
Solana-based decentralized DePIN project ionet announced the completion of Series A financing of US$30 million, led by Hack VC, with participation from Multicoin Capital, Solana Labs and others. Funds raised will be used to build a decentralized GPU network and address the AI…
At @Delphi_Ventures it's an honor to back @shadid_io and @MTorygreen at @ionet_official The thesis is simple Clustering all different types of hardware, in all different locations, will make AI training and inference accessible and lead to a cambrian explosion of innovation 🌎 https://t.co/tZQbZJOg6x
We are honored to be a part of @ionet_official 's latest funding round. https://t.co/xZBEXQZGP9 undoubtedly possesses the most powerful distributed computing foundation available today. We look forward to the vibrant growth of its ecosystem. https://t.co/CQ8UQ6o01u
BREAKING: https://t.co/WLXlHkvE4z has raised $30M to build the largest decentralized GPU network in the world and solve the AI compute shortage. The Series A was led by Hack VC with participation from Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos…