Hyperbolic raises $30M Series A-1 led by Walden Catalyst
Hyperbolic, a startup that helps companies rent AI compute across various providers, has raised $30 million in a Series A-1 round. This brings its total funding to $50 million. The round was led by Walden Catalyst, a venture capital firm founded by Intel CEO Lip-Bu Tan and former Samsung president Young Sohn. Other participants include Dell Technologies Capital, General Catalyst, Vista Equity…
Key points
- Hyperbolic raised $30M Series A-1 led by Walden Catalyst, bringing total funding to $50M.
- The platform connects roughly $200M worth of annual compute across about 30 neoclouds.
- Founder Jasper Zhang says the company is breaking even and targets $150M in annual recurring revenue.
The company addresses the fragmentation in the AI cloud market, where different providers use varying chips and software. Hyperbolic provides software to manage these resources centrally and allows customers to resell unused compute. It currently works with about 30 neoclouds, including WhiteFiber and Vector Core Compute, and claims to have roughly $200 million worth of compute connected to its platform annually.
Founded by Jasper Zhang, the startup aims for $150 million in annual recurring revenue by the end of the year and states it is already breaking even. More than 250,000 developers, including teams at Modal, Higgsfield, and Daytona, use the platform. The company plans to expand its software tools and grow its workforce to 50 employees by year's end.
The story so far
3 episodes →- Hyperbolic raises $30M Series A-1 led by Walden Catalystthis story
Hyperbolic, which lets companies rent AI compute across ~30 neoclouds, raised a $30M Series A-1 led by Lip-Bu Tan's Walden Catalyst; it has raised $50M to date
businessinsider.com · 27 October 2026Loading the full article…
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