According to media reports, io.net completed a new round of funding on 2024-03-04. the investors in this funding round include Hack VC,Multicoin Capital,6th Man Ventures,Delphi Digital,Foresight Ventures,Animoca Brands,Solana Ventures,Aptos,SevenX Ventures,MH Ventures and others. Following this round, io.net's total funding reached $40 M.
io.net is a decentralized computing network enables the development, execution, and scaling of ML applications on the Solana Blockchain, Putting together 1 million GPUs to form the world's largest GPU colony & DePIN. io.net aggregates GPUs from underutilized sources such as independent data centres, crypto miners, and crypto projects like Filecoin, Render and others. These resources are combined within a Decentralized Physical Infrastructure Network (DePIN), giving engineers access to massive amounts of computing power in a system that is accessible, customizable, cost-efficient and easy to implement.