Hyperbolic has raised $30 million in Series A1 funding led by Walden Catalyst to expand its platform for aggregating, orchestrating, and trading AI compute capacity across a fragmented global GPU market. The round also included Dell Technologies Capital, General Catalyst, Vista Equity Partners, Cambium Capital, Salience Capital, and other strategic investors.
Hyperbolic plans to use the funding to advance Forge, its unified control plane, expand its multi-cloud orchestration products and value-added services, and develop what it calls the first Global Compute Grid.
The company is addressing an AI infrastructure market that spans more than 300 GPU cloud providers operating with different hardware, networking, software, pricing, and operational standards.
Hyperbolic argues that this fragmentation creates procurement complexity for AI teams while leaving some expensive GPU capacity underutilized.
Forge is designed to standardize heterogeneous bare-metal GPU clusters into validated infrastructure accessible through a common system for provisioning, virtualization, networking, and operations.
The company also provides managed Kubernetes and inference services, while a unified API gives customers access to models hosted by Hyperbolic and external providers.
Hyperbolic said its goal is to increase useful work generated from each GPU hour while reducing effective compute costs for customers and helping infrastructure providers improve utilization and revenue.
More than 250,000 AI builders currently use Hyperbolic, including teams at Modal, Higgsfield, Daytona, HeyGen, Voio, RadixArk, and Pika.
The company plans to expand its orchestration technology so workloads can be provisioned across multiple providers based on cost, performance, and availability. Planned capabilities include Slurm support, automated scaling, and unified data services.
Its longer-term Global Compute Grid is intended to create a marketplace where suppliers and customers can buy, sell, and resell eligible GPU capacity.
Hyperbolic envisions compute operating more like electricity, with customers drawing capacity when needed, scaling usage up or down, and potentially reselling unused capacity.
The company is also exploring spot instances, dynamic pricing, market-making strategies, and mechanisms that could allow customers and suppliers to hedge compute price risk.
Hyperbolic was founded by CEO Jasper Zhang, whose background includes mathematics, quantitative research, and market making at Citadel Securities. The broader team includes experience from Google Cloud, Lambda, Lightning AI, VMware, Supermicro, Citadel, and Point72.
KEY QUOTES:
“The demand for AI compute will continue to grow, but adding more hardware is only part of the answer. The value of that investment depends on how effectively the capacity is put to work and made available to the teams that need it. We believe Jasper and his team are addressing a fundamental challenge in the AI stack, and we’re excited to support them as they build that platform.”
Lip-Bu Tan, Founding Managing Partner At Walden Catalyst And CEO Of Intel
“AI Compute is deeply challenged by supply and demand mismatch, making it incredibly difficult to harness for the AI developer. Moreover, the myriad of options on compute, interconnects, storage, memory, as well as heterogeneity in the software stack compounds the challenge of accessing available capacity. Hyperbolic’s innovative AI Stack has solved this massive complexity and has aggregated AI compute capacity across compute providers, providing AI developers with simple, transparent, and reliable access to AI compute.”
Shankar Chandran, Partner At Walden Catalyst
“AI teams should be able to access compute wherever it is, run their workloads, and turn unused capacity into revenue through one platform. We’re bringing orchestration and liquidity together so customers have more flexibility in how they use compute, while providers get more productive use and better returns from their infrastructure. We believe AI agents will become the largest consumers of compute. They’re not going to wine and dine with 20 different neocloud sales or sign contracts lasting three years or more. They need a programmable way to discover compute, acquire capacity, and run workloads. We’re building Hyperbolic as one unified platform that handles the infrastructure and orchestration for them. By making compute easier to access, use, and trade, we’re also laying the foundation for AI infrastructure to become an investable asset class.”
Jasper Zhang, Founder And CEO Of Hyperbolic
