Author: ArkStream Capital 
##ArkStream Capital recently announced the completion of Series A financing for IO.Net, led by Hack VC, and supported by more than 20 well-known VCs and angel investors at home and abroad. The total financing amount up to US$30 million. IO.Net is the company’s significant investment in the field of artificial intelligence (AI) and decentralized infrastructure (DePIN), underscoring their confidence that artificial intelligence will become the focus of innovation in the current market. Why invest in IO.Net: Invest in the new oil in the AI era, decentralize the mining of human computing power
With the rapid development and widespread application of AI technology, the global demand for computing power is exploding, especially the demand for GPUs (graphics processing units). This growth in demand is both vertical, reflected in the fact that technology giants are rushing to buy Nvidia GPUs to hoard computing power in order to train large language models (LLM) with more parameters; it is also horizontal, with many AI startups and products trying to The technology is used in tens of millions of use cases such as recommendation systems, education, personal health, medical research, and supply chains. This huge demand for computing power makes GPU the "new oil" in the AI era. ##Image source: NetScribes, Ark Invest
In response to the worldwide GPU shortage, IO. Net comes up with an innovative solution. By leveraging encryption technology to coordinate human collaboration around the world, IO.Net is able to harness humanity's untapped computing power at scale. Known as the “Airbnb” of GPUs, it relies on the Solana blockchain to provide a decentralized and permissionless global collaboration, verification, and payment platform, sharing hardware such as data centers, encryption mines, gaming computers, and high-performance workstations. The originally idle GPU computing power in the cluster. The advantages and impact of IONetIO.Net not only provides customers with relevant Compared with centralized cloud service providers' low prices of 10-20% off and instant online services without permission, more computing power providers provide additional startup incentives through the upcoming IO tokens to jointly help connect 1 million GPUs. The goal. Compared with other DePIN computing projects, IO.Net focuses on GPU computing capabilities, and the scale of its GPU network is more than 100 times ahead of similar projects. In addition, IO.Net is also the first in the blockchain industry to integrate the most advanced ML technology stack (such as Ray cluster, Kubernetes cluster and giant cluster) into the GPU DePIN project and put it into large-scale practice, which makes it not only the number of GPUs , and is in a leading position in technology application and model training capabilities.
Image source: ArkStream Research; Data source: io.net, depinhub.io, stats.akash.networkFuture Outlook and Partners
With the continuous development of IO.Net, its The engineering team will increase the GPU capacity of the network to 500,000 concurrent GPUs across the entire network to compete with centralized cloud service providers, thereby providing services similar to Web 2 at a lower cost. Through close partnerships with major DePIN and AI players, including Render Network, Filecoin, Solana, Ritual, and more, IO.Net is gradually establishing its core position in the field. We believe that IO.Net will become the leader and settlement layer of decentralized GPU networks in the medium to long term, bringing vitality to the entire Web 3xAI ecosystem.
ArkStream Capital’s investment is not only a recognition of the future development potential of IO.Net, He is also firmly optimistic about the future direction of AI, DePIN and broader technology fields. As an industry pioneer and supporter, ArkStream Capital will continue to provide computing infrastructure and ecological connection support for IO.Net, and jointly create a new era of AI and decentralized networks.
View the original English text of this announcement: https://x.com/ark_stream/status/1766494990862303553?s=20
Appendix: The complete list of IO.Net Series A investors includes:
Hack VC, Multicoin, 6th Man Ventures, OKX Ventures, M13, Mo and Avery from Aptos, Aptos Labs, Toly from Solana, Matty Taylor, Ian Krotinsky, MH Ventures, Amber Group, Arkstream Capital, Modular Capital, Continue Capital, Foresight, Longhash, SevenX, Delphi Digital, Animoca Brands, Yat Siu, The The Sandbox, Sebastian Borget from The Sandbox, Solana Ventures, Web3 Ventures
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