Intel CEO leads a $30 million bet on a startup aiming to unite hundreds of neoclouds. Read its pitch deck.
Source: Business Insider ·
Backed by Intel CEO Lip-Bu Tan's VC firm, Hyperbolic raised $30 million to make it easier for companies to rent compute across different AI clouds.
From the source
Intel CEO Lip-Bu Tan, Hyperbolic founder Jasper Zhang, and Walden Catalyst partner Shankar Chandran.Luke DietzInfrastructure startup Hyperbolic raised a $30 million round led by Intel CEO Lip-Bu Tan's VC firm.The startup connects companies with neoclouds and makes their AI chips easier to use.Hyperbolic also wants to let customers resell unused computing power.Intel CEO Lip-Bu Tan is backing an infrastructure startup that has raised $30 million to help companies rent compute across hundreds of different AI cloud providers.Hyperbolic, an AI chip marketplace and software startup, has raised $50 million to date.Walden Catalyst, the venture capital firm founded by Tan and former Samsung president Young Sohn, led the Series A-1 funding round. Dell Technologies Capital, General Catalyst, Vista Equity Partners, and Cambium Capital also participated.As companies scramble for computing power, one challenge is that AI cloud providers, or neoclouds, use a mix of different chips, networking, and…