Hyperbolic says the round was oversubscribed and included Dell Technologies Capital, General Catalyst, Vista Equity, Cambium Capital and Salience Capital, with Walden Catalyst's Shankar Chandran joining the board. The company aims to unify fragmented GPU capacity across 300+ providers via Forge, a control plane offering provisioning, virtualization, networking and managed Kubernetes. Planned features include spot instances, dynamic pricing, resale and multi-cloud orchestration. The company reports more than 250,000 AI builders use its platform, including teams at Modal, HeyGen and Pika.

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