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Aethir completes pre-Series A funding of $15 million at a valuation of $150 million, with lead investments from Sanctor Capital, Hashkey, and others.
2023-07-26 21:00
Odaily News - Aethir, the leader in decentralized GPU infrastructure, announced the completion of its Pre-A round of financing with a total funding amount of over $9 million, resulting in a valuation of $150 million. This round of financing, led by Framework Ventures and Infinity Ventures Crypto, follows a seed round of financing. Institutions such as Sanctor Capital, Hashkey, Merit Circle, and CitizenX led this round, with participation from Mirana Ventures, Animoca Brands, Momentum6, Big Brain Holdings, Builder Capital, Tess Ventures, and Maelstrom (Arthur Hayes).



The new funds will be used for global business expansion in key markets such as Southeast Asia, Latin America, and North America, as well as for strengthening technological research and development and application innovation support.



Aethir is a pioneer in globally scalable and decentralized cloud infrastructure (DCI), aiming to address the challenges faced by the cloud industry by providing scalable and secure cloud services to meet the needs of global gaming and artificial intelligence companies.