[Hyperbolic Raises $30 Million in Series A-1 Funding, Led by Walden Catalyst] According to a report by Jinse Finance on October 27th, citing Business Insider, AI chip trading marketplace and software startup Hyperbolic has raised $30 million in Series A-1 funding. The round was led by Walden Catalyst, co-founded by Intel CEO Lip-Bu Tan and former Samsung president Young Sohn, with participation from Dell Technologies Capital, General Catalyst, Vista Equity Partners, and Cambium Capital. This brings the company's total funding to $50 million. Founded in 2022, Hyperbolic's founder and CEO is 31-year-old Jasper Zhang, who previously worked as a quantitative analyst at Citadel Securities. The company connects with approximately 30 neocloud providers, including WhiteFiber and Vector Core Compute, using software to uniformly schedule chips and cloud resources from different vendors and allowing customers to resell idle computing power. Its platform connects approximately $200 million worth of computing power annually, used by over 250,000 developers, including the Modal, Higgsfield, and Daytona teams. The company claims to have achieved break-even and aims to reach $150 million in annual recurring revenue and increase its workforce to 50 by the end of the year. This round of funding will be used to expand its AI chip management tools across neoclouds.