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Aethir has completed a Pre-A round of financing with a valuation of $150 million and will build a large-scale global decentralized GPU cloud infrastructure.

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This round of financing was led by Sanctor Capital, Hashkey, Merit Circle, and CitizenX, and received strong support from institutions such as Mirana Ventures, Animoca Brands, Momentum6, Big Brain Holdings, Builder Capital, Tess Ventures, and Maelstrom (A

Singapore, July 27, 2023--Aethir, the leader in decentralized GPU infrastructure, announced today that it has completed its Pre-A round of financing, raising over $9 million and reaching a valuation of $150 million.

It is reported that this round of financing is another round of financing after the seed round financing led by Framework Ventures and Infinity Ventures Crypto. This round is led by top global investors such as Sanctor Capital, Hashkey, Merit Circle, and CitizenX. It has also received strong support from institutions such as Mirana Ventures, Animoca Brands, Momentum6, Big Brain Holdings, Builder Capital, Tess Ventures, Maelstrom (Arthur Hayes), Lapin Digital, etc.

Aethir is a decentralized network infrastructure project (Depin) founded by a senior expert in the global cloud computing industry in Singapore in 2021. The project aims to establish a globally scalable GPU cloud infrastructure in a decentralized manner. Currently, Aethir is providing services to multiple well-known gaming companies and AIGC companies for large-scale artificial intelligence, solving customers' business needs for elastic and efficient access to GPU computing resources and ultra-low latency real-time cloud rendering services. This investment will enable Aethir to accelerate its global business expansion in key markets such as Southeast Asia, Latin America, and North America, and strengthen its technical research and development and application innovation support.

Aethir co-founder and CEO Mark Rydon said: "The cloud computing industry is a highly challenging industry, with high development and usage costs, especially for customers who require complex real-time rendering or streaming GPU infrastructure. The arrival of the AIGC artificial intelligence boom will bring additional pressure to the cloud infrastructure ecosystem. Aethir will focus on solving the challenges of high availability and scalability of GPU cloud infrastructure worldwide. This is an important milestone for the future development of the gaming and artificial intelligence industries. Aethir has significant cost and performance advantages, and based on its operational capabilities in developed and developing markets, we are unlocking tremendous potential value for our customers."

Under the management of Rydon, Aethir continues to innovate in technology research and development and business, and has created a scalable and secure decentralized GPU physical infrastructure network service (DePIN) to meet the huge service requirements of global gaming and artificial intelligence applications.

This successful completion of the current round of financing comes after a seed round led by Framework Ventures and Infinity Ventures Crypto, highlighting the market's high recognition and business demand for Aethir's solution. It also demonstrates investors' confidence in the potential of decentralized cloud infrastructure to completely transform the gaming and artificial intelligence industries.

Maelstrom's Chief Information Officer, Arthur Hayes, said, "We support projects that use blockchain to solve real-world problems. In the fastest-growing (but hardware-limited) market globally, Aethir expands the potential market for games and other streaming content. With Aethir's expansion, everyone is a winner - gamers, publishers, and global distributed rendering node operators will all benefit."

Sanctor Capital CEO Han Kao said: "To make the metaverse a virtual world that is inhabited and engaging, the underlying infrastructure must support efficient and low-cost computing. Aethir is part of the next generation infrastructure stack, which will unlock the potential of the long-awaited games and social communication."

关于 Aethir

translates to

About Aethir

in English.Aethir is a pioneering company in the global coverage of elastic and scalable decentralized cloud infrastructure (DCI), aiming to address the challenges faced by the cloud industry by providing scalable and secure cloud services to meet the needs of global gaming and artificial intelligence companies.

To learn more information, please visit www.Aethir.com.