Web3 AI Cloud Startup Hyperbolic Secures $7M in Seed Funding

IconCryptoNewsTerminal Staff30 Jul, 2024

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Web3 AI Cloud Startup Hyperbolic Secures $7M in Seed Funding

Hyperbolic, a leading provider of Web3 AI cloud services, has recently secured $7 million in seed funding. This round was led by Polychain Capital and Lightspeed Faction, with participation from Chapter One, Longhash, Bankless Ventures, Republic Digital, Nomad Capital, Coinsumer Labs, Third Earth Capital, and others. The funds will be utilized to accelerate the development of Hyperbolic's platform, expand its team, and drive product innovation. This investment acknowledges the growing demand for AI-driven solutions within the Web3 ecosystem and validates Hyperbolic's mission to empower developers with the tools they need to build the next generation of decentralized applications.

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