Hub.xyz has emerged as a programmable bandwidth network that leverages the idle internet connections of everyday users to provide real-time data streams designed for AI systems. The company recently announced the closing of a pre-seed funding round, as well as the commencement of its seed funding round, paving the way for further growth and development.
With their continued participation in the seed round, SwissBorg has reinforced its commitment to Hub.xyz’s vision and growth potential, joining a coalition of other influential industry players who are also backing this pioneering initiative. These funding rounds have brought Hub.xyz’s total fundraising to $1.7 million to date
SwissBorg is recognized as Europe’s premier digital wealth platform, boasting over $2 billion in assets under management (AUM). The strategic alliance with Hub.xyz is poised to evolve into a community-driven initiative, highlighting the collaborative potential of the two organizations. SwissBorg aims not only to be an early investor in Hub.xyz but also to empower its community members by enabling them to engage as active participants—known as node contributors—in the network. This involvement will allow users to contribute their unused bandwidth to help construct the world’s first people-powered data infrastructure for artificial intelligence systems.
As enterprises increasingly adopt AI technologies, they encounter mounting challenges related to data quality, freshness, and associated costs. Hub.xyz offers a revolutionary alternative to these issues with its globally distributed, programmable bandwidth supernetwork. This supernetwork effectively repurposes idle internet bandwidth from everyday users to provide advanced, on-demand data streams that cater to the specific needs of AI companies.
By sourcing and processing these data streams, Hub.xyz establishes a sustainable and efficient alternative for AI training. Traditional methods of data collection often rely on expensive and low-quality data sources. In contrast, Hub.xyz’s innovative approach minimizes model staleness, expands data coverage, and taps into the long tail of the internet, ensuring that AI systems have access to reliable, fresh data.
The SwissBorg community comprises over one million users who have undergone Know Your Customer (KYC) verification, uniquely blending elements of capital investment, education, and regulatory compliance. With a robust history of successful investments in AI and infrastructure companies, SwissBorg’s expertise and ongoing engagement create a strong foundation for Hub.xyz as it scales its operations.
The investment from SwissBorg provides its community members with the opportunity to participate in Hub.xyz’s distributed network. This development establishes a seamless link between investment and network value, enabling Hub.xyz’s end-to-end data pipeline to leverage the significant bandwidth contributions of SwissBorg’s expansive community. As a result, Hub.xyz can enhance its coverage, improve resiliency, and increase its utility in real-world applications. SwissBorg members will also benefit from exclusive access to features and perks within Hub.xyz’s network, further incentivizing community engagement.
With the funding, Hub.xyz is now well-equipped with the necessary resources to accelerate its current scaling phase, facilitating growth and innovation. Today’s announcement marks the beginning of a potentially long-lasting partnership between the two ecosystems, which is expected to foster further collaborative opportunities in the months ahead. Through this partnership, both Hub.xyz and SwissBorg are positioned to make significant strides in redefining how data is sourced and utilized in the realm of AI.
KEY QUOTES:
“This strategic investment from SwissBorg reinforces Hub.xyz’s greatest strength, the resilience of its distributed network. We’re proving that the future of AI infrastructure is distributed, powered by people across the globe. This new investment, together with the support of SwissBorg’s large community and the strong market demand we’re seeing in the Bay Area, positions Hub perfectly to accelerate its next stage of growth.”
Tim Sprecher, co-founder and COO, Hub.xyz
“SwissBorg is confident that Hub.xyz has the potential to become foundational infrastructure for the AI economy. Leading this round is fully aligned with our strategy to back critical primitives in compute, storage, and bandwidth, and positions us at the forefront of the next wave of infrastructure innovation”
Franklin Lacroix Wasover, Director of Investment Experience, SwissBorg
