Exabits.ai, a pioneer in the decentralized cloud computing space for AI, is pleased to announce the closing of its oversubscribed pre-seed round.?
The funding will enable the team to scale their GPU optimization technology to address the shortage of resources that has left AI companies in limbo waiting for available compute or paying inflated rates.
They are trusted by prominent investors, including Protocol Labs, Outlier Ventures, Jabre Capital Partners, Valkyrie Fund, Big Brain Holdings, Blockchain Builders Fund, Taisu Ventures, Fortified Ventures, LBank Labs, Paramita Capital, Moonhill Capital, IoTeX,1nvest, the Founder of Gitcoin and Angels of Worldcoin, and Planet.com.
A recent case study has revealed that one customer previously spending $150k per month at a compute cloud provider achieved a 71% reduction in costs and a 30% increase in training speed after switching to Exabits. Exabits revenue has surged over the past 6 months growing an average of 300% every month highlighting the rapid growth and market demand.