Published on: 01/02/2024
Cryptocurrency has often been a rollercoaster ride for investors, characterized by unpredictable swings. Major happenings within the crypto sector can influence these surges and plunges. Recently, a fascinating development hit the scene involving a pioneer in the decentralized cloud computing space for AI - Exabits.ai. They triumphantly announced the closure of their oversubscribed pre-seed round, a testament to the robust investor confidence in their value proposition. However, the implications of their groundbreaking advancements dont end with simply raising funds.
Exabits.ai specializes in GPU optimization technology—an essential intervention to mitigate the ongoing GPU shortage crisis. The gap in resources has caused considerable inconvenience for AI companies, who are often left hanging, either waiting for computing resources or paying inflated prices. With their funding locked, Exabits plans to scale their technology and provide a viable solution to the aforementioned issue.
The optimistic investor sentiment towards Exabits is apparent from the oversubscription of their pre-seed round. They enjoy the backing of several prominent investors such as Protocol Labs, Outlier Ventures, Jabre Capital Partners, Valkyrie Fund, Big Brain Holdings, Blockchain Builders Fund, Taisu Ventures, Fortified Ventures, and others. The influx of financial support shows a clear nod of approval to Exabits abilities and their potential to disrupt the current market.
Exabits performance provides quantifiable validation for the descent of financial goodwill from the investors. A notable case study has it that a company spending about $150k per month on cloud computing slashed its costs by 71% and boosted training speed by 30% upon switching to Exabits. This success story paints a vivid picture of the phenomenal value Exabits brings to its partners and customers, causing the firm’s revenue to burgeon remarkably, with an average monthly growth rate of 300%.
Exabits has also managed to build strategic partnerships and expand their network, cornerstones in the fast-paced high-tech world. Over 65k GPUs have been added to the network with a further 100k poised to join soon, thanks to their suppliers immense support.
Moreover, Exabits has won recognition from esteemed establishments like the Stanford Blockchain Accelerator, Harvard Innovation Labs, OV Base Camp, Berkeley Blockchain Xcelerator, and Google Cloud. Steven Willinger, from the Blockchain Builders Fund, lauds Exabits not only for their accessible hardware but their excellent team with unparalleled expertise in optimization, acceleration, and their potential to replace workload from high-end machines.
The companys team is comprised of exemplary professionals from respected institutions such as Nvidia, Meta, Bitmain, Ericsson, Tiktok, VMWare and reputed universities like Stanford, Harvard, Princeton and UC Berkeley. With the might of this competent workforce, Exabits is set to democratize AI and cloud computing with their innovative approach.
From the investment standpoint, Exabits has successfully placed itself amidst high-growth and high-potential innovative tech areas—decentralized cloud computing, artificial intelligence, and blockchain. As Exabits continues on its trajectory of targeted expansion and optimized solutions, investors can anticipate considerable returns as their contribution fuels this trailblazing endeavor.
In conclusion, Exabits signifies a step into the future - a view of what the AI and blockchain world could evolve into. Investors, AI developers, and tech enthusiasts need to keep an eye on this revolutionizing enterprise, as its not only shaping its future but the global AI industry at large. Collaborating with Exabits could mean becoming part of a force thats democratizing and reshaping the industrys future, and for investors, the potential for extraordinary returns.