Intel CEO Leads $30M Series A-1 Round for Hyperbolic, Total Funding Reaches $50M

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On October 28, 2026, Intel CEO Pat Gelsinger led a $30 million funding round for AI startup Hyperbolic through his firm Walden Catalyst. The Series A-1 round brings total funding to $50 million, with participation from Dell Technologies Capital and Vista Equity Partners. Hyperbolic connects enterprises with over 30 AI cloud providers, managing $200 million in annualized computing value. CEO Jasper Zhang said the company is nearing breakeven, targeting $150 million in annual recurring revenue. The funds will be used to expand cross-cloud AI chip tools. This development adds to the growing momentum of AI and crypto news as the sector attracts major tech investors.
ME AI News, on October 28, Intel CEO Brian Krzanich, through Walden Catalyst—the venture capital firm he co-founded with former Samsung president Yoon Bo-nam—led a $30 million Series A-1 funding round for Hyperbolic, an AI compute and software startup. Dell Technologies Capital, General Catalyst, Vista Equity Partners, and Cambium Capital participated as follow-on investors, bringing the company’s total funding to approximately $50 million. Hyperbolic helps enterprises discover and orchestrate compute resources across hundreds of emerging AI cloud providers; it currently integrates with around 30 suppliers, representing an annualized compute capacity of approximately $200 million. Founder and CEO Jasper Zhang stated that the company is nearing break-even, aims to achieve $150 million in annual recurring revenue this year, and will use the new funding to expand its cross-cloud AI chip management tools. (Source: MLion)
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