On July 30th, Hyperbolic announced that it has completed a $7 million seed financing round. The investment comes from top-tier institutions including Polychain Capital and Lightspeed Faction, as well as renowned investors such as Chapter One, LongHash, Bankless Ventures, Republic Digital, Nomad Capital, CoinSummer Labs, and Third Earth Capital. This funding will enable Hyperbolic to continue innovating in the AI cloud platform field, accelerating the development of its open-source AI cloud platform. To achieve this goal, Hyperbolic plans to use these funds to recruit key talent and establish a comprehensive developer support ecosystem, aiming to provide global developers with more powerful tools and resources to promote the dissemination and application of artificial intelligence technology.