According to Foresight News, GPU.net, a decentralized GPU resource network, has successfully raised $5.25 million in a Series A funding round. The investors included Momentum 6, Spicy Capital, Exnetwork Capital, BlackDragon, Crypto Banter, Fusion7 Venture Capital, Halvings Capital, and individual investors such as Alex Becker, EllioTrader, and Brando Murphy.
In a previous report by Foresight News, GPU.net had secured $500,000 in funding in August last year, with Momentum 6 and Alphablockz participating. The aim of GPU.net is to meet the computational needs of new technologies such as generative AI, Web3 metaverse, cryptocurrency mining, and high-end graphics rendering by providing a decentralized GPU infrastructure.