Aethir, a network of decentralized cloud infrastructure providers, concluded a Pre-A investment round, bringing its total funding to date to over $9 million at a $150 million valuation.
Decentralized Cloud Infrastructure Provider Aethir Completes Pre-A Investment Round
According to a statement, Sanctor Capital, Hashkey, Merit Circle, and CitizenX led the newest investment round for Aethir. Other investors included Arthur Hayes’ Maelstrom, Mirana Ventures, and Animoca Brands. The precise amount that was raised in this round was kept private by Aethir. According to Aethir, the investment would help the Singapore-based initiative enter important markets in South East Asia, Latin America, and North America, as well as expand its decentralized cloud infrastructure to support an expanding network of AI businesses and game studios.
The cloud sector has traditionally been a challenging industry to scale, plagued by high costs, particularly for customers requiring complex real-time rendering or streaming infrastructure — and that’s not taking into account the additional stress on the ecosystem as a result of the AI boom,
Mark Rydon, Aethir Co-Founder, And CEO
Aethir also had a Funding Round in January 2022
The most recent financing by Aethir comes after a prior seed round in January 2022 that was headed by Framework Ventures and Infinity Ventures Crypto.
We’re backing projects that are using the blockchain to solve real-world issues. Aethir is meaningfully expanding the addressable market for gaming and other streaming content in the world’s highest-growth (but hardware-constrained) markets. Everybody wins as Aethir expands — gamers, publishers and globally distributed rendering node operators alike,
Arthur Hayes, Maelstrom CIO, And Former BitMEX CEO
About Aethir
Scalable, decentralized cloud infrastructure (DCI) was created by Aethir. Their network enables gaming and AI businesses of all sizes to deliver their goods directly to customers, no matter where they are located or what technology they use.
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