San Francisco AI infrastructure startup Hyperbolic has raised $30 million in a Series A-1 round led by Walden Catalyst. Walden Catalyst is the venture firm founded by Intel CEO Lip-Bu Tan and former Samsung president Young Sohn.
The round, announced on October 27, 2026, brings Hyperbolic’s total funding to $50 million. Dell Technologies Capital, General Catalyst, Vista Equity Partners and Cambium Capital also took part.
Hyperbolic sells software that lets AI companies buy, manage and run computing power across many GPU cloud providers from one place. The company did not disclose its valuation.
| Detail | Hyperbolic |
|---|---|
| Headquarters | San Francisco, United States |
| Founders | Jasper Zhang (CEO), Yuchen Jin |
| Round | Series A-1 |
| Amount | $30 million |
| Total funding | $50 million |
| Valuation | Not disclosed |
| Lead investor | Walden Catalyst |
| Other investors | Dell Technologies Capital, General Catalyst, Vista Equity Partners, Cambium Capital, Salience Capital |
| Cloud providers connected | About 30 |
| Developers on platform | More than 250,000 |
| Announced | October 27, 2026 |
Hyperbolic funding round and investors
Walden Catalyst led the $30 million Series A-1. The company described the round as oversubscribed in its press release.
Dell Technologies Capital, General Catalyst, Vista Equity Partners and Cambium Capital joined the round, FinSMEs reported. InfotechLead also listed Salience Capital among the participants.
Business Insider first reported the deal and published a redacted version of the pitch deck Hyperbolic used to raise it.
For more deals like this one, see our AI funding insights and deal coverage.
What Hyperbolic does
Many AI companies now rent GPUs from smaller cloud providers, often called neoclouds. Each provider runs different chips, networks and software, which makes it hard to use several at once.
Hyperbolic connects customers to about 30 of these providers. Its platform manages access to computing worth about $200 million a year and serves more than 250,000 developers, InfotechLead reported.
The core product is Forge, a control plane. Forge turns mixed clusters of bare-metal GPUs into standard capacity and handles setup, networking and operations from a single dashboard.
For GPU providers, Hyperbolic says the platform helps bring capacity to market faster and keep more of it in use.
Hyperbolic revenue and growth targets
CEO Jasper Zhang told Business Insider the company is breaking even. Hyperbolic is targeting $150 million in annual recurring revenue by the end of 2026.
The company also plans to reach 50 employees by the end of the year.
Hyperbolic did not share its current revenue. The $150 million figure is a company target, not a reported result.
What Hyperbolic will do with the $30 million
The new money will go toward Forge and toward tools for running workloads across multiple clouds. Hyperbolic also plans to build what it calls a Global Compute Grid.
The company wants to let customers resell computing power they have bought but are not using. It also plans spot instances, dynamic pricing and tools that help customers hedge against changes in compute prices.
Those plans would make Hyperbolic work more like a trading market for GPU capacity than a single cloud provider.
Hyperbolic funding history
Hyperbolic raised a $7 million seed round in July 2024, led by Polychain Capital and Lightspeed Faction, CoinDesk reported.
In December 2024, it raised a $12 million Series A led by Variant and Polychain Capital, bringing total funding to $20 million, Decrypt reported.
The company’s pitch has changed since then. In 2024, Hyperbolic described itself as a blockchain-based network that pooled idle GPUs, with a marketplace and an inference service. Its 2026 announcement focuses on enterprise compute management and trading.
The investor base has shifted with it. The earlier rounds were led by crypto-focused funds, while the new round brings in Walden Catalyst, Dell Technologies Capital and Vista Equity Partners.
Who founded Hyperbolic
Jasper Zhang and Yuchen Jin founded Hyperbolic. Both trained as researchers in AI and mathematics, and Zhang is a former math olympian.
Jin previously led an AI engineering team at OctoAI, a company that optimized AI models to run in production.
Hyperbolic is one of many startups raising money to supply AI computing power. Our list of the 50 best-funded AI startups shows where the largest infrastructure rounds have gone.
FAQ
How much did Hyperbolic raise?
Hyperbolic raised $30 million in a Series A-1 round announced on October 27, 2026. The round brings its total funding to $50 million. The company did not disclose a valuation.
Who led Hyperbolic’s Series A-1?
Walden Catalyst led the round. The firm was founded by Intel CEO Lip-Bu Tan and former Samsung president Young Sohn. Dell Technologies Capital, General Catalyst and Vista Equity Partners also invested.
What does Hyperbolic do?
Hyperbolic sells software that lets AI companies buy, manage and run GPU computing across about 30 cloud providers. Its main product, Forge, manages mixed GPU clusters from one dashboard.
Is Hyperbolic profitable?
CEO Jasper Zhang told Business Insider the company is breaking even. Hyperbolic is targeting $150 million in annual recurring revenue by the end of 2026.
How much funding has Hyperbolic raised in total?
Hyperbolic has raised $50 million. That includes a $7 million seed in July 2024, a $12 million Series A in December 2024 and the $30 million Series A-1.
