Tech Company Financing Transactions
io.net Funding Round
On 3/5/2024, io.net raised $30 million in Series A funding from Hack VC, 6th Man Ventures and Aptos.
Transaction Overview
Company Name
Announced On
3/5/2024
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series A
Investors
Hack VC (Lead Investor) (Ed Roman)
private investors (Sebastian Borget)
Multicoin Capital (Shayon Sengupta)
Proceeds Purpose
With fresh funding in place, the project looks to grow its current team of around 50 to 100 people by the end of the year to meet customer demand and continue building out the network.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
447 Broadway
New York, NY 10013
USA
New York, NY 10013
USA
Phone
Undisclosed
Website
Email Address
Overview
io.net Cloud is a state-of-the-art decentralized computing network that allows machine learning engineers to access scalable distributed clusters at a small fraction of the cost of comparable centralized services. io.net Cloud is significantly better, faster and cheaper than any other option on the market.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Ahmad Shadid
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