AI Compute Startup Hyperbolic Raises $30 Million Led by Walden Catalyst

on October 28, according to Business Insider, AI compute infrastructure startup Hyperbolic has completed a $30 million Series A-1 financing round, led by Walden Catalyst, co-founded by Intel CEO Lip-Bu Tan and former Samsung president Young Sohn, with participation from Dell Technologies Capital, General Catalyst, and others.

Hyperbolic is committed to integrating compute resources from hundreds of AI cloud service providers. It currently partners with approximately 30 compute cloud providers, with the annual compute volume connected through its platform totaling approximately $200 million. The company has raised a cumulative total of $50 million and aims to achieve an annual recurring revenue (ARR) of $150 million by year-end.

Previously reported, Hyperbolic closed a $12 million Series A financing round, led by Polychain Capital and Variant, with participation from IOSG Ventures, Wintermute, GSR, and others.