Business Insider reported on October 27, 2026, that Hyperbolic raised $30 million in a Series A-1 round led by Walden Catalyst. Dell Technologies Capital, General Catalyst, Vista Equity Partners and Cambium Capital also participated. Lip-Bu Tan, Intel’s CEO, co-founded Walden Catalyst with Young Sohn, a former Samsung president; the reported lead investor was the venture firm.
What Hyperbolic’s marketplace does
Business Insider describes Hyperbolic as an AI-chip marketplace with software intended to help customers find and use computing capacity across providers with different chips, networking and software. The report says Hyperbolic works closely with about 30 neocloud providers, including WhiteFiber and Vector Core Compute. It also describes a broader ambition to connect customers with hundreds of providers; that is distinct from the roughly 30 reported relationships.
Hyperbolic’s GPU Marketplace had an earlier product milestone in December 2024, when the company announced that it was moving from alpha to beta. In the video description, Hyperbolic said the marketplace had rented more than 10,000 GPUs to over 1,000 users and processed 33,000 GPU hours.
How the listed funding adds up
The three disclosed rounds total $49 million. Business Insider reported cumulative funding of $50 million, a $1 million difference from the itemized amounts; it did not explain the gap.
| Financing | Amount | Reported lead or timing |
| Seed round | $7 million | Earlier in 2024 |
| Series A | $12 million | 2024; led by Variant and Polychain Capital |
| Series A-1 | $30 million | Led by Walden Catalyst |
Business Insider reported the Series A-1 on October 27, 2026. The listed amounts, $30 million + $12 million + $7 million, equal $49 million.
The company’s reported operating figures
Business Insider said roughly $200 million worth of compute was connected to Hyperbolic’s software annually and that more than 250,000 developers used the service. The compute figure describes capacity connected through the software, not Hyperbolic’s revenue.
Hyperbolic founder and CEO Jasper Zhang told Business Insider that the company was breaking even and targeting $150 million in annual recurring revenue by the end of 2026. Annual recurring revenue, or ARR, is the yearly value of recurring subscriptions. Zhang’s break-even statement and revenue target were reported as his claims. The report also said Hyperbolic expected to have 50 employees by the end of 2026 and planned to use the new funding to expand software tools for managing AI chips across neoclouds.
