Singapore, Singapore, December 4, 2024, Chainwire
GAIBa platform that creates financial infrastructure for AI computing, today announced the completion of its $5 million pre-seed funding round. The round was co-led by Hack VC, Faction and Hashed, along with strategic investments from notable groups such as Spartan, CMCC, L2IV, Animoca Brands, IVC, MH Ventures, Presto, J17, IDG Capital, 280 Capital, Aethir and Near. Foundation, as well as several angel investors.
The funds will be allocated to expand operations and R&D teams, accelerate product iteration, and strengthen platform infrastructure to meet market demands. The funds will help fulfill its mission to pioneer a liquid, decentralized market for enterprise-grade GPUs, addressing critical gaps in GPU financing and investor accessibility.
GAIB tokenizes GPUs and their performances, enabling the creation of a new asset class backed by real demand for AI. This innovation enables new and direct investment avenues in AI, which has historically been dominated by equity investments in a few large AI or semiconductor companies. By uniting AI, GPU and blockchain demands, GAIB introduces a new type of profitable assets that form the basis for a variety of decentralized finance (DeFi) use cases, granting users access to direct exposure to GPUs, products performance, hedging and speculation. and various portfolio strategies.
“We are building the first economic layer for AI computing, bringing new investment possibilities to this booming sector,” said Kony Kwong, founder and CEO of GAIB. “With this funding, we are transforming GPUs and their performance into a tradable asset class, enabling individuals and institutions to directly engage with the trillion-dollar AI computing market through these new direct investment vehicles.”
“We are delighted to support GAIB as they open up direct investment opportunities for the critical AI computing market that has long been dominated by a few large players,” added Alex Pack, co-founder and managing partner of Hack VC. “We are excited to support GAIB in building the financial infrastructure for the AI era.”
GAIB has also recently secured notable partnerships with industry leaders such as Aethir and io.net, positioning itself as a pioneer in financial innovation for IT assets. These collaborations further enhance the GAIB ecosystem, enabling scalability with its unique approach to computing financialization.
About GAIB
GAIB is the first economic layer for AI computing, creating a new type of profitable assets backed by real AI demands. It tokenizes enterprise-grade GPUs and their performances, creating a decentralized liquid market for GPU financing, addressing the growing demand for high-performance computing while giving investors direct exposure to GPU assets. The platform allows building a variety of decentralized finance (DeFi) use cases, including GPU-backed stablecoins, lending and borrowing, options and futures, and various structured products.
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