Exabits
Overview
Exabits is an innovative startup focusing on transforming high-end GPU (graphic processing units) clusters into accessible investment assets through tokenization. Founded by Dr. Hoansoo Lee and a team with extensive expertise in the compute and AI sector, Exabits is headquartered in San Mateo, California. The company recently secured $15 million in seed funding, drawing a $150 million valuation. It was founded as a decentralized cloud computing platform aiming to democratize AI compute resources, enabling investors to partake in the AI economy by tokenizing GPU assets.
Recent Developments
Exabits has been at the forefront of innovation in the AI and decentralized technology space, with several noteworthy developments over the past year:
- December 2024: Exabits secured $15 million in seed funding with a valuation of $150 million, led by Hack VC. The funds are designated for research and development, brand creation, and technology improvement. The company has been collaborating with Seoul National University to support AI autonomous driving research.
- April 2024: Partnered with MyShell to drastically reduce costs of training large language models (LLMs), showcasing their model "JetMoE-8B" which was trained at under $100,000. Exabits contributed an advanced GPU cluster playing a pivotal role in this cost-effective and high-performance training process.
- Q1 2024: Launched a public GPU marketplace allowing individuals to partake in the compute revolution by connecting their hardware to Exabits' network. Their platform boasts a 300% revenue growth per quarter, displaying their strong market traction.
- Infrastructure Partnership: Collaborations with decentralized networks like Morpheus and Lumerin establish a shared "AI agent economy" powered by decentralized computer resources demonstrated Exabit's strategic focus in the decentralized AI field.
- Growth in Decentralized AI: Participated in initiatives aimed at using decentralized platforms to address centralization issues in AI development, working towards a more inclusive AI infrastructure by utilizing consumer GPUs to stabilize and democratize the AI compute industry.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | Not specified |
| Headquarters | San Mateo, California |
| Founders | Dr. Hoansoo Lee |
| Revenue | $10 million in ARR |
| Profits | Not disclosed |
| Key Investors | Hack VC, Portal Ventures |
| Industry | AI & Decentralized Cloud Computing |
| Number of Employees | Not disclosed |
Early History
Exabits was conceived from the idea of decentralizing compute resources, an innovation spearheaded by Dr. Hoansoo Lee and a group grounded in AI and blockchain technology. Operating within a niche it aptly terms "the currency of the future," the startup embarked on its journey by pioneering the tokenization of GPUs, thus granting broader investor access to this pivotal technology. Progressing from its incubation by prestigious institutions like Stanford Blockchain Accelerator and Harvard Innovation Labs, Exabits has solidified its position by establishing partnerships with universities and research centers, bolstering its reputation as a key player in the democratization of AI compute resources.
Company Profile and Achievements
Exabits’ business model leverages the tokenization of GPU compute resources to create a decentralized market for AI investments. This approach allows fractional ownership and trading of these resources, offering users direct exposure to the burgeoning AI sector. Major achievements include:
- Tokenization Model Development: Successfully developed a platform that transforms high-value compute assets into tradable tokens, thus opening a new investment vector in the AI sector.
- Strategic Partnerships: Engaged with Seoul National University and other institutions, combining research efforts to advance AI models, emphasizing autonomous driving technologies.
- Revenue Growth: Reported a 300% increase in quarterly revenues, signifying strong market demand and successful market penetration.
- Decentralized AI Initiatives: Integral in forming a decentralized AI network with partners to ease transition into autonomous economies utilizing a blockchain-based infrastructure.
Current Operations and Market Position
Currently, Exabits plays a crucial role in the decentralized AI sector, focusing on making high-performance GPU computing accessible and economically viable. Its innovative decentralized platform aggregates consumer-grade GPUs and optimizes them to perform on par with enterprise-level hardware. This strategy not only addresses global GPU shortages but also offers a scalable solution to AI compute requirements. With the valuation at $150 million and significant investments, Exabits positions itself as a competitive entity against contemporaries like Compute Labs and GAIB. Their proprietary technology and market achievements hint at a growing influence within the AI infrastructure sector.
Conclusion
As a pioneer in the tokenization of AI compute resources, Exabits has established itself as a crucial player in the burgeoning intersection of AI and blockchain technologies. With its innovative approach to democratizing access to high-end computing power, the company is well-positioned to capitalize on the increasing demand for decentralized solutions in AI development. Exabits promises a future where AI compute resources are not only more accessible but also more efficient and democratized, setting a precedent for future advancements in the field. The company anticipates continuing its exponential growth trajectory and innovation path, expanding upon its robust infrastructure and partnerships.