About io.net
io.net is a Technology company based in New York (United States) founded in 2022 by Ahmad Shadid. Decentralized GPU computing network for AI workloads is provided. io.net has raised $40 million across 2 funding rounds from investors including Animoca Brands, Aptos Labs and OKX. Its chief executive, as recorded, is Ahmad Shadid. Its website io.net draws about 207 thousand monthly visits. io.net offers products and services including IO Intelligence, Decentralized Clusters, and Solana Payment System. Its focus areas include Enterprise Infrastructure, High Performance Computing, HPC as a Service and Decentralized. Its legal entity is io.net, inc. Its competitors include Hewlett Packard Enterprise, Rescale and Theta Token; 2 of its 3 listed competitors have raised funding.
Company details
io.net was founded in 2022 in New York, United States, as a provider of decentralized GPU computing in the AI and machine learning sector. Global GPU resources are accessed through scalable clusters, with on-demand availability and instant payment processing enabled. Cluster deployment is streamlined, and support for various ML stacks is included. Operations focus on security and flexibility across distributed networks.
- Total Equity Funding$40M (USD)
in 2 rounds
- Latest Funding Round$30M (USD), Series A
Mar 2024
- InvestorsAnimoca Brands
& 17 more
Products & Services of io.net
io.net offers a comprehensive portfolio of products and services, including IO Intelligence, Decentralized Clusters, and Solana Payment System.
Custom AI models and agents for workflow integration
Deployment of GPU clusters for machine learning workloads
Instant payment processing for GPU access transactions
Funding Insights of io.net
io.net has successfully raised a total of $40M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $30 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $40M
- Total Rounds 2
- Last Round Series A — $30M
- First Round $10M
(May 2023)
- Investors Count 18
All 2 funding rounds of io.net with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $30M | Series A | – | Hack VC, Solana Labs | |
| May 2023 | $10M | Seed | – | – | – |
18 investors in total: 15 institutional and 3 angel.
Investors in io.net
io.net has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Animoca Brands, Aptos Labs and OKX.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Web3 venture capital firm partnering on blockchain projects. | hack.vc | |||
Investments in blockchain technology startups are made by 6MV. | 6thman.ventures | New York, United States | ||
Multiple sectors are invested in by M13 venture capital fund. | m13.co | Los Angeles, United States | ||
Blockchain sector focus is maintained by venture capital-backed accelerator. | foresightventures.com | Shanghai, China | ||
Early-stage investments in disruptive technologies are targeted by the firm. | mhventures.io | London, United Kingdom | ||
LongHash Ventures is focused on bootstrapping Web3 ecosystems. | longhash.vc | |||
Blockchain investments are managed by SevenX in Shanghai. | 7xvc.com | Shanghai, China | ||
Platform building products, tools, and reference implementations to further expand the Solana ecosystem | 2013 | solanalabs.com | ||
Cryptocurrency trading and wallet services are offered by OKX. | 2013 | okx.com | Victoria, Seychelles | |
Venture capital is invested in blockchain and cryptocurrency sectors. | 2017 | multicoin.capital | Austin, United States |
Investor details for io.net
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People of io.net
10 people are tracked at io.net (4 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Ahmad Shadid | Founder & CEO | Leadership |
Christian Papathanasiou | VP | Leadership |
Smiral Rashinkar | VP - Compute Engine | Leadership |
Russ Vetrano | Vice President Of Global Sales | Leadership |
Moayad Alobaidi | Office Operation Manager | Team |
Sadat Slade | Business Development | Team |
Tory Green | Chairman Of The IOG Foundation | Team |
Basem Oubah | Product Manager | Team |
Giridhar Perumalla | Senior Software Engineer | Team |
Kundan Kumar | QA Lead | Team |
Complete people profiles for io.net
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Timeline of io.net
3 dated milestones of io.net across 2 years, from founding to its latest funding, stage changes and deals.
- Founded io.net is founded.
- Funding First funding round of $10.0M.
- Funding Latest funding round, Series A, of $30.0M.
Competitors of io.net
io.net has 3 listed competitors in our database, 2 of them funded. They include Hewlett Packard Enterprise, Rescale and Theta Token.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hpe.com | 2015 | Houston, United States | 62,000 | HPC solutions are delivered via supercomputers and storage systems. | ||
| rescale.com | 2011 | San Francisco, United States | $369.08M | 146 | Provider of cloud based HPC services | |
| thetatoken.org | 2016 | Cupertino, United States | $9.26M | 97 | Decentralized peer-to-peer video delivery is enabled through token rewards. |
Detailed competitors of io.net
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of io.net
The website of io.net (io.net) receives about 207.5K visits a month and ranks #206,359 among all websites worldwide, #2,206 in Investing.
- Monthly visits207.5K
▲ 8.5% vs previous month
- Unique visitors68.9K
per month
- Global rank#206,359
among all websites
- Category rank#2,206
Finance · Investing
- Bounce rate37%
- Pages per visit3.2
- Average visit50 sec
- DevicesDesktop 33% · Mobile 67%
Websites whose visitors overlap most with io.net. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
bubinga.com | bubinga.com | 100% | #488,211 | – | |
coinacademy.fr | coinacademy.fr | 100% | #517,325 | – | |
| stockbrokers.com | 100% | #152,680 | View details | ||
cantina.xyz | cantina.xyz | 100% | #301,829 | – | |
| messari.io | 100% | 572.6K | #102,646 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for io.net
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- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in AI Core Platforms & Infrastructure
3 companies that operate in the same segment as io.net (AI Core Platforms & Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
OpenAI is engaged in developing advanced artificial intelligence technologies. | 2015 | San Francisco, California, United States | USD 180.07 B | 11,115 | ||
AI models and chatbots are offered for industry applications. | 2021 | San Francisco, California, United States | USD 132.31 B | 6,146 |
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Related news about Io.Net
Complete news archive for io.net
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Frequently Asked Questions about io.net
io.net was founded in 2022 and raised its 1st funding round 1 year after it was founded.
io.net is headquartered in New York, United States. It is registered at New York, New York, United States.
Ahmad Shadid is the CEO of io.net, as recorded in our data. They have also founded this company.
io.net is a funded company, having raised a total of $40M across 2 funding rounds to date. The company's 1st funding round was a Seed of $10M, raised on May 2023.
io.net was founded in 2022 in New York, United States, as a provider of decentralized GPU computing in the AI and machine learning sector. Global GPU resources are accessed through scalable clusters, with on-demand availability and instant payment processing enabled. Cluster deployment is streamlined, and support for various ML stacks is included. Operations focus on security and flexibility across distributed networks.
io.net's top competitors include Rescale, Hewlett Packard Enterprise and Theta Token.
io.net offers IO Intelligence, Decentralized Clusters, and Solana Payment System.
io.net has 18 investors. Key investors include Animoca Brands, Aptos Labs, OKX, Multicoin Capital, and Delphi Digital.
io.net operates through Io.Net, Inc.
The website of io.net receives about 207 thousand visits a month and ranks #206,359 among all websites worldwide.