ICYMI: Arthur Hayes’ Maelstrom backs Aethir in funding round at $150 million valuation
Aethir, a decentralized cloud network for gaming and AI, completed a Pre-A funding round, bringing the total raised to date to $9 million at a valuation of $150 million.
Aethir’s latest funding was led by Sanctor Capital, Hashkey, Merit Circle and CitizenX, with participation from Arthur Hayes’ Maelstrom, Mirana Ventures and Animoca Brands, among others, according to a statement. Aethir did not disclose the specific amount raised from this round. “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,” Aethir co-founder and CEO Mark Rydon said.Aethir’s latest fundraising follows a previous Seed round led by Framework Ventures and Infinity Ventures Crypto in January 2022.
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