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Moonhill Capital invests in Exabits

By tokenizing GPU power, Exabits enables users to become stakeholders of the AI compute economy, earning rewards and revenue.

Jan 06, 2024Investments

OVERVIEW

Exabits is a compute base-layer platform that transforms high-performance GPU clusters into accessible investment assets, democratizing access to AI computational resources. By tokenizing enterprise-grade GPUs, Exabits enables users to become stakeholders in the AI compute economy, earning rewards and revenue. This approach addresses the growing demand for AI infrastructure by providing a decentralized and scalable solution.

Founded in 2021, Exabits has achieved significant milestones, including reaching $10 million in annual recurring revenue (ARR) and securing $15 million in seed funding led by Hack VC, bringing its valuation to $150 million. The company has been incubated by prestigious institutions such as the Stanford Blockchain Accelerator, Berkeley Xcelerator, and Harvard Innovation Labs.

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Exabits integrated 4,000 NVIDIA H200 GPUs equipped with Trusted Execution Environment (TEE) capabilities into its network. This advancement ensures secure and verifiable AI computations, maintaining data integrity and confidentiality.


KEY FEATURES

  • Tokenized GPU Assets: Transforms high-end GPU clusters into fractionalized digital assets, allowing users to invest in and earn from AI compute resources.
  • Secure AI Computation: Utilizes TEE-enabled NVIDIA H200 GPUs to provide tamper-proof and confidential AI processing environments.
  • Collaborative Ecosystem: Partners with decentralized GPU marketplaces and Web3 platforms, supplying essential compute resources to enhance AI capabilities across networks.
  • Global Infrastructure: Operates over 65,000 GPUs across 45+ node locations worldwide, ensuring scalable and efficient AI compute services.
  • Rapid Revenue Growth: Achieved $10 million in ARR with a 300% average quarterly increase, reflecting strong market traction and demand for its services.

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