Protocol Labs, Outlier Ventures Support ExaBITS in Pioneering Decentralized AI Computing

quick take

exaBITS, a decentralized computing infrastructure for AI, has secured an oversubscribed pre-seed funding round, signaling strong investor confidence. This funding will address the problem of computing resource shortages in the AI ​​industry by strengthening GPU optimization technology. exaBITS aims to transform AI computing accessibility and efficiency through rapid revenue growth and significant cost savings for our customers.

Distributed computing for AI: exaBITS raises the bar with oversubscribed pre-seed funding.

In an era where artificial intelligence (AI) threatens to reshape every aspect of our digital lives, finding more efficient and accessible computing power is becoming increasingly important. exabit, a decentralized infrastructure for AI and compute-intensive applications, recently closed an oversubscribed pre-seed funding round. This is evidence that investors are confident in our mission to transform AI infrastructure.

Among the notable investors supporting ExaBITS are industry heavyweights: Protocol Labs, Outlier Ventures, Jabre Capital Partners, Along with numerous other famous names including Valkyrie Funds, Big Brain Holdings and Blockchain Builders Fund.

The collective support of these organizations highlights their shared belief in the potential of exaBITS to solve one of the AI ​​sector’s most pressing challenges: the lack of affordable and readily available computing resources.

exaBITS will use these funds to expand its GPU optimization technology.

This funding will fuel exaBITS’ ambitions to scale its GPU optimization technology. These advancements are poised to solve ongoing challenges facing AI enterprises today: long waits for available computing power or huge costs.

Ruth Galvin of Outlier Ventures We highlight the role of exaBITS by summarizing emotions. “Pivotal player” In providing distributed computing infrastructure Scalable growth in AI.

The importance of this funding cannot be overemphasized. Oversubscription is a sign of investors’ strong confidence in the exaBITS team and their technical capabilities. exaBITS has already proven its value proposition with impressive customer success stories.

One such case study is when a customer After switching to ExaBITS, computing costs were reduced by 71% and training speed was improved by 30%. Provided by existing compute cloud providers. Besides, the company’s revenue This trajectory 300% monthly growth It sheds a lot of light on market demand over the past six months and exaBITS’s ability to meet it.

exaBITS’ unique GPU supply network and strategic partnerships

An interesting aspect of the exaBITS strategy is that it relies on an extensive network of GPU vendors that have already delivered more than 65,000 GPUs and have plans to ship an additional 100,000 devices soon. This approach exemplifies the company’s innovative supply chain strategy as well as its commitment to democratizing access to high-quality AI computing resources.

Support for exaBITS extends beyond financial support. earned by the company praise and support From prestigious accelerators and organizations such as: Stanford Blockchain Accelerator and Harvard Innovation LabIt has further solidified its position as a leader in the distributed computing space.

The impact of exaBITS’ efforts is profound. Taking advantage of untapped potential Idle consumer GPUs for AI workloads; The company is paving the way for a more comprehensive and efficient computing environment.

Steven Willinger of Blockchain Builders Fund Kudos to exaBITS. “Early and Unequal Access to Rare Hardware” And the team’s expertise is Optimization and acceleration.

exaBITS continues to build partnerships across the infrastructure stack and invite AI developers and GPU owners to be at the forefront of the new revolution in AI. Combining technical insights from industry giants and top academic institutions, the company is uniquely positioned to lead the way in democratizing AI innovation.

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