Thursday, April 18, 2024
HomeFunding Solana-based io.net Secures $30Million in Series A Round Funding

[Funding alert] Solana-based io.net Secures $30Million in Series A Round Funding

Solana-based io.net secures $30million in series A round funding. With participation from Multicoin Capital, 6th Man Ventures, OKX Ventures, Solana Ventures, Aptos Labs, Delphi Digital, and The Sandbox, Hack VC led the round.

Solana-based io.net secures $30million in series A round funding. With participation from Multicoin Capital, 6th Man Ventures, OKX Ventures, Solana Ventures, Aptos Labs, Delphi Digital, and The Sandbox, Hack VC led the round.

The money will be used by the business to keep growing both its operations and its growth initiatives. It is a DePIN initiative on Solana, spearheaded by Ahmad Shadid’s IO Research, which focuses on pooling GPU computing resources for AI and ML firms.

Teams may scale their workloads across a network of GPUs using io.net with little to no adjustments. In addition to supporting a wide range of operations like preprocessing, distributed training, hyperparameter tuning, reinforcement learning, and model serving, the system manages orchestration, scheduling, fault tolerance, and scaling.

Read also – TX-based BrainCheck Secures $15Million in Funding

The money will be used by the business to keep growing both its operations and its growth initiatives. Io.net is a DePIN initiative on Solana, spearheaded by Ahmad Shadid’s IO Research, which focuses on pooling GPU computing resources for AI and ML firms.

Teams may scale their workloads across a network of GPUs using io.net with little to no adjustments. In addition to supporting a wide range of operations like preprocessing, distributed training, hyperparameter tuning, reinforcement learning, and model serving, the system manages orchestration, scheduling, fault tolerance, and scaling.

It is intended to support Python workloads requiring general-purpose processing. Since its November 2023 launch, it has grown significantly, processing 40,000+ compute hours for AI and ML companies on more than 25,000 GPUs.

About io.net

By assembling one million GPUs to create the largest GPU colony and DePIN in the world, io.net facilitates the creation, implementation, and expansion of machine learning applications on the Solana Blockchain.

Read also –  MA-based Sionna Therapeutics Secures $182Million in Series C Round Funding

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular