Golden Finance reported that according to Coinness, Web3 AI cloud startup Hyperbolic announced the completion of a $12 million Series A financing, led by Variant and Polychain Capital, Chapter One, Lightspeed Faction, Bankless Ventures, GSR, IOSG, Vertex, Blockchain Builders Fund, Wintermute , Alumni Ventures, Ambush Capital, and multiple angel investors participated in the investment. With this investment, Hyperbolic has increased its total investment to $20 million. The new funding will be used to expand the engineering and strategy teams and go to market. Hyperbolic plans to launch its own blockchain next year. According to reports, Hyperbolic plans to integrate global GPU computing resources and integrate blockchain technology to provide the market with verifiable, safe and reliable AI services, effectively alleviating the industry pain points of high cost and uneven distribution of computing resources. At the same time, the company also launched the decentralized orchestration layer Hyper-dOS (Hyperbolic distributed operating system) to provide solid technical support for the entire GPU market.