About io.net
io.net is a company based in New York (United States) founded in 2022 by Ahmad Shadid.. io.net has raised $40 million across 2 funding rounds from investors including Animoca Brands, Aptos Labs and OKX. io.net offers products and services including IO Intelligence, Decentralized Clusters, and Solana Payment System. io.net operates in a competitive market with competitors including Hewlett Packard Enterprise, Rescale, Theta Token, Northern Data and Cornami, among others.
- Headquarter New York, United States
- Founders Ahmad Shadid
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Io.Net, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40 M (USD)
in 2 rounds
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Latest Funding Round
$30 M (USD), Series A
Mar 05, 2024
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Investors
Animoca Brands
& 17 more
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Employee Count
Employee Count
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Products & Services of io.net
io.net offers a comprehensive portfolio of products and services, including IO Intelligence, Decentralized Clusters, and Solana Payment System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Custom AI models and agents for workflow integration
Deployment of GPU clusters for machine learning workloads
Instant payment processing for GPU access transactions
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $30.0M
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First Round
First Round
(01 May 2023)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - io.net | Valuation | Hack VC , Solana Labs | |
| May, 2023 | Amount | Seed - io.net | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Web3 venture capital firm partnering on blockchain projects.
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Founded Year | Domain | Location | |
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Investments in blockchain technology startups are made by 6MV.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by M13 venture capital fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by io.net
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - io.net
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Io.Net Comparisons
Competitors of io.net
io.net operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hewlett Packard Enterprise, Rescale, Theta Token, Northern Data and Cornami, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
HPC solutions are delivered via supercomputers and storage systems.
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| domain | founded_year | HQ Location |
Provider of cloud based HPC services
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| domain | founded_year | HQ Location |
Decentralized peer-to-peer video delivery is enabled through token rewards.
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| domain | founded_year | HQ Location |
Platform offering hpc based cloud computing solutions
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| domain | founded_year | HQ Location |
AI-powered microprocessors are supplied for parallel computing tasks.
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| domain | founded_year | HQ Location |
Cloud computing solutions for multiplayer gaming are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Io.Net
Frequently Asked Questions about io.net
When was io.net founded?
io.net was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is io.net located?
io.net is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of io.net?
Ahmad Shadid is the current CEO of io.net. They have also founded this company.
Is io.net a funded 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 01, 2023.
What does io.net do?
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.
Who are the top competitors of io.net?
io.net's top competitors include Rescale, Hewlett Packard Enterprise and Theta Token.
What products or services does io.net offer?
io.net offers IO Intelligence, Decentralized Clusters, and Solana Payment System.
Who are io.net's investors?
io.net has 18 investors. Key investors include Animoca Brands, Aptos Labs, OKX, Multicoin Capital, and Delphi Digital.