Aethir Closes $150 Million Valuation, Pre-A Funding Round to Scale its Decentralized Cloud Infrastructure
Aethir, a pioneer in Decentralized Cloud Infrastructure (DCI), announced the completion of its Pre-A funding round, bringing the total value raised to date to over USD$9 million and the company valuation to USD$150 million.
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The round was led by leading global investors, including Sanctor Capital, Hashkey, Merit Circle, and CitizenX with further support from Mirana Ventures, Animoca Brands, Momentum6, Big Brain Holdings, Builder Capital, Tess Ventures, Maelstrom (Arthur Hayes) and many more.
Aethir was established in Singapore in 2021 by cloud industry veterans to build what they’ve coined Scalable Decentralized Cloud Infrastructure.
Already serving a growing customer base, including high-profile enterprises, AI companies and gaming studios, the investment enables Aethir to expedite its global expansion in key markets like South East Asia, Latin America, and North America, as well as to bolster its innovative Decentralized Cloud Infrastructure.
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“The cloud sector has traditionally been a challenging industry to scale, plagued by high costs, particularly for customers requiring complex real-time rendering or streaming infrastructure – and that’s not taking into account the additional stress on the ecosystem as a result of the AI boom,” said Mark Rydon, Aethir Co-Founder and CEO. “At Aethir, we’re laser-focused on solving the cloud scalability challenge. We’ve built a global DCI network specifically to scale complex cloud infrastructure services globally; a significant milestone for the future of the gaming and AI industry. The cost and performance advantages of our DCI are significant, and when coupled with our ability to operate in developed and developing markets alike, we’re unlocking a huge amount of potential value for our customers.”
Aethir has shown consistent growth under Rydon’s stewardship, creating a scalable and secure Decentralized Physical Infrastructure Network (DePIN) service that caters to the rigorous demands of enterprise-grade gaming and AI applications.
The completion of this successful funding round follows a previous Seed round led by Framework Ventures and Infinity Ventures Crypto, underscoring the demand for Aethir’s solutions and demonstrating investors’ conviction in its potential to revolutionize the gaming and AI industry through its Decentralized Cloud Infrastructure.
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