io.net raised $30 M in a Series A round on 2024-03-04.
IO
IO
-2.44%
According to media reports, io.net raised $30 M in a Series A round on 2024-03-04.the investors in this funding round include Hack VC,Multicoin Capital,6th Man Ventures,Delphi Digital,Foresight Ventures,Animoca Brands,Solana Ventures,Aptos,SevenX Ventures,MH Ventures and others. Following this round, io.net's total funding reached $40 M.
io.net is a decentralized computing network enables the development, execution, and scaling of ML applications on the Solana Blockchain, Putting together 1 million GPUs to form the world's largest GPU colony & DePIN. io.net aggregates GPUs from underutilized sources such as independent data centres, crypto miners, and crypto projects like Filecoin, Render and others. These resources are combined within a Decentralized Physical Infrastructure Network (DePIN), giving engineers access to massive amounts of computing power in a system that is accessible, customizable, cost-efficient and easy to implement.
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IO Fundraising History
| Round | Amount | Valuation | Time | Investor(s) |
|---|---|---|---|---|
| Series A | $30 M | -- | 2024-03-04 | Hack VC,Multicoin Capital,6th Man Ventures,Delphi Digital,Foresight Ventures,Animoca Brands,Solana Ventures,Aptos,SevenX Ventures,MH Ventures |
Key Milestones
- 2024-06-11Binance listed IO
- 2024-06-11$IO was live for trading
- 2024-03-05io.net raised $ 30 M in Series A round
- 2023-05-01io.net raised $ 10 M in Seed round
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| 1H | 24H | 7D | 30D | 1Y |
|---|---|---|---|---|
0.16% | 3.22% | 13.79% | 7.71% | 76.11% |
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