Hyperbolic Labs Raises $20 Million Led by Polychain and Variand Fund to Build Open AI Ecosystem

Hyperbolic Labs has successfully raised $20 million in its latest funding round, attracting investments from prominent firms such as Polychain and Variand Fund. The company aims to create an 'AI Rainforest,' an open and accessible ecosystem designed to benefit users through collectively governed AI infrastructure, services, and models. The funding will support Hyperbolic's mission to enhance decentralized AI capabilities, with a focus on providing GPU computing and inference services through its unique Proof of Sampling (PoSP) protocol, which emphasizes data privacy and cost-effectiveness. The team, led by founder Z. Jasper, has garnered support from various partners and investors in the AI and cryptocurrency sectors, marking a significant step forward in their development efforts.