Report
Hyperbolic raises $30 million in round led by Intel CEO Lip-Bu Tan's VC firm
Hyperbolic works closely with about 30 AI cloud providers and plans to expand software for managing chips across them.
TLDR
Walden Catalyst, founded by Tan and former Samsung president Young Sohn, led the Series A-1 round, bringing Hyperbolic's total funding to $50 million. The startup helps customers find and use computing power across providers with different chips, networking and software. It wants to let customers resell compute they're paying for but no longer need.
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