Hyperbolic, a startup developing software to connect computing resources across artificial intelligence cloud providers, has raised $30 million in a Series A-1 funding round led by Walden Catalyst, the venture capital firm co-founded by Intel CEO Lip-Bu Tan and former Samsung executive Young Sohn.
The latest investment brings Hyperbolic's total funding to approximately $50 million. Dell Technologies Capital, General Catalyst, Vista Equity Partners, Cambium Capital and Salience Capital also participated in the round.
The funding will support the expansion of Hyperbolic's software platform, which allows businesses and developers to access and manage graphics processing unit (GPU) capacity from multiple cloud infrastructure providers.
Founded by Jasper Zhang, Hyperbolic operates in the AI computing market, where organisations require access to specialised processors for developing, training and deploying artificial intelligence models.
The company aims to address challenges arising from differences in hardware, networking systems, software environments and pricing structures across cloud providers.
Hyperbolic currently works with approximately 30 specialised AI cloud providers, commonly referred to as neoclouds, including WhiteFiber and Vector Core Compute.
According to the company, its platform connects approximately $200 million worth of computing capacity annually. It also reports having more than 250,000 developers using its services, including teams at Modal, Higgsfield and Daytona.
The startup has developed Forge, a unified software control system designed to manage computing infrastructure across different providers. The platform is intended to help customers allocate workloads, access available processors and manage computing resources through a common interface.
Hyperbolic plans to use the fresh capital to expand its multi-cloud orchestration capabilities and develop a proposed Global Compute Grid.
The planned system would allow customers to purchase computing capacity from different suppliers and potentially resell eligible unused resources.
The company is also developing tools for automated workload allocation, dynamic pricing and additional infrastructure management services.
These capabilities are intended to address situations in which businesses commit to computing capacity that may remain underutilised as their requirements change.
Hyperbolic CEO Jasper Zhang said the company is seeking to make computing resources more accessible while improving how existing infrastructure is utilised.
The startup previously secured a $12 million Series A round in 2024, led by Variant and Polychain Capital, following a $7 million seed round earlier that year.
Zhang told Business Insider that Hyperbolic is currently breaking even and is targeting $150 million in annual recurring revenue by the end of 2026. The figure remains a company target rather than reported achieved revenue.
The company also expects its workforce to reach approximately 50 employees by year-end.
The investment comes as AI developers and cloud infrastructure providers assess ways to improve access to GPU capacity, manage computing expenditure and reduce unused infrastructure.
Hyperbolic's proposed computing marketplace remains under development, with its broader adoption dependent on supplier participation, platform integration and customer demand.
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