ExaBITS.ai, a trailblazer in decentralized cloud computing for AI, has successfully concluded its oversubscribed pre-seed round, signaling a significant milestone for the company. The funding secured will empower the ExaBITS team to scale their groundbreaking GPU optimization technology, providing a solution to the scarcity of AI computing resources.
Trusted by notable investors including Protocol Labs, Outlier Ventures, Jabre Capital Partners, and several others, ExaBITS has proven its capabilities in delivering immense value to customers and partners. By leveraging their GPU optimization technology, ExaBITS has achieved remarkable results, as demonstrated by a recent case study. One customer saw a 71% reduction in costs and a 30% increase in training speed after switching to ExaBITS from a compute cloud provider charging exorbitant rates.
The oversubscription of the pre-seed round highlights the confidence that investors have in the ExaBITS team and their solution. With steady revenue growth of 300% per month over the past six months, ExaBITS is clearly meeting the rising market demand for AI computing power.
Strategic partnerships have played a crucial role in ExaBITS’ success. The company acknowledges the contribution of their trusted suppliers, who have provided over 65,000 GPUs to the network, with an additional 100,000 GPUs scheduled for onboarding. Moreover, ExaBITS has received support from prestigious institutions such as the Stanford Blockchain Accelerator, Harvard Innovation Labs, and Google Cloud, as well as winning top awards in various competitions.
With a team composed of seasoned professionals from renowned companies and universities, ExaBITS is set to democratize access to AI innovation. Their deep technical expertise in optimization and acceleration positions them as a pivotal player in the industry. By inviting forward-thinking organizations, AI developers, and GPU owners to join their mission, ExaBITS aims to revolutionize the AI landscape.
As ExaBITS advances in the field of decentralized computing, partnerships have been established across the entire infrastructure stack, facilitating verification of computing, application layer protocols, and other decentralized computing platforms.
If you share the vision of shaping the future of AI and democratizing access to cutting-edge technology, ExaBITS welcomes you to join their revolution in AI computing. To learn more about ExaBITS, visit their website and get in touch with their team.
Contact:
Roy Evans
ExaBITs Network LTD.
Phone: +1 650 642 8104
Website: https://www.exabits.ai
Email: [email protected]
ExaBITS.ai Pre-Seed Round Conclusion
– ExaBITS.ai has concluded its oversubscribed pre-seed round, marking a significant milestone for the company.
– The funding secured will enable ExaBITS to scale their GPU optimization technology, addressing the scarcity of AI computing resources.
– Notable investors such as Protocol Labs, Outlier Ventures, and Jabre Capital Partners have placed their trust in ExaBITS and its ability to deliver value to customers and partners.
– By leveraging their GPU optimization technology, ExaBITS has achieved impressive results, with one customer experiencing a 71% reduction in costs and a 30% increase in training speed after switching to ExaBITS.
– The oversubscription of the pre-seed round demonstrates the confidence investors have in ExaBITS and its solution.
– ExaBITS has experienced steady revenue growth of 300% per month over the past six months, meeting the growing market demand for AI computing power.
– Strategic partnerships have played a vital role in ExaBITS’ success, with trusted suppliers providing over 65,000 GPUs to the network and 100,000 additional GPUs scheduled for onboarding.
– The company has received support from prestigious institutions such as the Stanford Blockchain Accelerator, Harvard Innovation Labs, and Google Cloud, and has won top awards in various competitions.
– With a team of experienced professionals, ExaBITS aims to democratize access to AI innovation and become a significant player in the industry.
– ExaBITS has established partnerships across the entire infrastructure stack to facilitate verification of computing, application layer protocols, and other decentralized computing platforms.
– If interested in shaping the future of AI and gaining access to cutting-edge technology, individuals and organizations are invited to join ExaBITS’ revolution in AI computing.
Definitions and Key Terms:
– GPU: Graphics Processing Unit, a specialized electronic circuit designed to rapidly manipulate and alter memory to accelerate the creation of images in a frame buffer.
– Pre-seed round: An early-stage investment round that precedes the seed stage, aimed at providing initial capital to develop a business concept or product.
– Scarcity: The state of being in short supply or limited availability.
– Compute cloud provider: A company that offers cloud-based computing resources, allowing users to access virtual servers and other resources on-demand.
Related Links:
– ExaBITS.ai – ExaBITS’ official website for more information.
– Protocol Labs – Notable investor in ExaBITS.
– Outlier Ventures – Notable investor in ExaBITS.
– Jabre Capital Partners – Notable investor in ExaBITS.
– Stanford Blockchain Accelerator – Prestigious institution that has supported ExaBITS.
– Harvard Innovation Labs – Prestigious institution that has supported ExaBITS.
– Google Cloud – Prestigious institution that has supported ExaBITS.
The source of the article is from the blog be3.sk