Aethir Raises $9 Million in Pre-A Funding for Decentralized Cloud Infrastructure Network

Aethir Completes Pre-A Funding Round to Expand Decentralized Cloud Infrastructure

Decentralized cloud infrastructure network Aethir has successfully completed a Pre-A funding round, raising over $9 million and reaching a valuation of $150 million. The funding was led by Sanctor Capital, Hashkey, Merit Circle, and CitizenX, with the participation of Maelstrom, Mirana Ventures, and Animoca Brands.

Key Points:

The investment will support Aethir’s expansion into key markets in South East Asia, Latin America, and North America.
Aethir aims to build a decentralized cloud infrastructure to cater to AI companies and gaming studios.
The cloud sector has historically faced challenges due to high costs and the increasing demand for real-time rendering and streaming infrastructure.
Aethir’s previous Seed round, led by Framework Ventures and Infinity Ventures Crypto, showcased their commitment to solving real-world issues using blockchain technology.

“Aethir is expanding the addressable market for gaming and streaming content in hardware-constrained markets. The underlying infrastructure provided by Aethir is crucial for the development of a populated and engaging metaverse,” said Arthur Hayes, CIO of Maelstrom and former CEO of BitMEX.

“Efficient and low-cost computation is vital for the growth of the metaverse. Aethir’s infrastructure stack unlocks gaming and social communication possibilities we have been waiting for,” added Han Kao, CEO of Sanctor Capital.

Hot Take:

Aethir’s successful Pre-A funding round and the support from prominent investors indicate the growing recognition of the importance of decentralized cloud infrastructure in the development of the metaverse and the gaming industry. By addressing the challenges of high costs and increasing demand, Aethir is poised to make significant contributions to the expansion of AI companies and gaming studios, particularly in hardware-constrained markets. The investment will fuel Aethir’s expansion into key regions and further solidify its position as a leader in the decentralized cloud sector.