io.net, Inc.
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io.net, Inc. - overview
Established
2022
Location
New York, NY, US
Primary Industry
Software
About
Based in New York, US, and founded in 2022 by CEO Ahmad Shadid, io. net, Inc. , a. k.
a. io. net is a provider of a GPU cloud platform powered by blockchain designed for machine learning application development, execution, and scalability. The company's platform features automated provisioning, monitoring, and billing processes.
In January 2025, io. net, Inc. raised an undisclosed amount of series A funding led by returning investor Hack VC, with participation from returning investor ArkStream Capital. Individual and other unspecified investors also participated in the round.
The company’s product line includes io. net cloud, io. net worker, and io. net explorer, enabling users to harness the power of decentralized GPUs.
The io. net cloud is a decentralized computing network that enables machine learning engineers to access scalable distributed clusters. The firm also allows AI developers to develop, train, and deploy AI applications on its decentralized cloud. The company will use the funding to expand its GPU network to 500,000 concurrent GPUs, enhancing its competitive position against centralized cloud providers.
Current Investors
Multicoin Capital, Hack VC, Delphi Digital
Primary Industry
Software
Sub Industries
Storage Management Software
Website
www.io.net
Verticals
Artificial Intelligence, Blockchain, Cloud Computing, Cloud Computing, Cloud Computing
Company Stage
Series A
Total Amount Raised
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