Moonhill Capital invests in Io-Net
The Internet of GPUs is finally here. Developed for AI startups, decentralized GPU network delivers cost-efficient compute power to fuel innovation.
OVERVIEW
io.net is a decentralized GPU network designed to provide cost-efficient compute power for artificial intelligence (AI) startups. By harnessing global GPU resources, io.net enables machine learning engineers to deploy scalable clusters for their workloads seamlessly. This approach democratizes access to high-performance computing, fostering innovation in AI development.
Founded in 2022 and headquartered in New York City, io.net has rapidly established itself in the AI infrastructure sector. In its Series A funding round, the company raised $30 million, attracting investments from notable venture capital firms such as SevenX Ventures, Springs Capital, Web3 Ventures, Wagmi Venture, MoonHill, Parc Capital, and Portola Springs Capital. Additionally, prominent figures like Anatoly Yakovenko (Solana Labs Co-founder), Mo Shaikh and Avery Ching (Aptos Labs Co-founders), Yat Siu (Animoca Brands Co-Founder), and Sebastien Borget (Sandbox Co-Founder) have contributed as angel investors, underscoring confidence in io.net's mission to revolutionize GPU services.
In January 2025, io.net announced a strategic partnership with Injective, aiming to enhance decentralized computing capabilities on the Injective network. This collaboration focuses on expanding io.net's decentralized GPU compute network to support DeFi and AI developers, providing them with advanced tools and resources to foster innovation within the AI ecosystem and the broader Web3 space.
KEY FEATURES
Decentralized GPU Network: Offers on-demand, permissionless access to a global network of GPUs, enabling scalable and cost-effective AI computations.
Streamlined Cluster Deployment: Provides frictionless deployment of machine learning clusters, pre-configured with popular ML stacks for immediate use.
Instant Payments via Solana: Utilizes Solana Pay for swift and secure transactions, allowing users to unlock compute resources in seconds.
Global GPU Access: Operates across 138+ countries, offering a vast and diverse pool of GPU resources to meet varying computational needs.
Sustainable Computing: Collaborates with green-committed data center partners to provide environmentally friendly GPU options, aligning with global sustainability efforts.
