According to Coinness, Web3 AI cloud startup Hyperbolic announced the completion of a $12 million Series A funding round, led by Variant and Polychain Capital, with participation from Chapter One, Lightspeed Faction, Bankless Ventures, GSR, IOSG, Vertex, Blockchain Builders Fund, Wintermute, Alumni Ventures, Ambush Capital, and multiple angel investors. With this investment, Hyperbolic has increased its total investment to $20 million. The new funds will be used to expand the engineering and strategy team and enter the market. Hyperbolic plans to launch its own blockchain next year. According to reports, Hyperbolic plans to provide verifiable, safe and reliable AI services to the market by integrating global GPU computing resources and integrating blockchain technology, 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.