[Intel CEO Jasper Tan Leads $30 Million Funding Round for Hyperbolic, Bringing Total to $50 Million] BlockBeats reports that on October 28th, Intel CEO Jasper Tan, through Walden Catalyst, the venture capital firm he co-founded with former Samsung President Yoon Bo-nam, led a $30 million Series A-1 funding round for AI computing power marketplace and software startup Hyperbolic. Dell Technologies Capital, General Catalyst, Vista Equity Partners, and Cambium Capital also participated. The company has raised approximately $50 million in total funding. Hyperbolic helps enterprises find and centrally manage computing power across hundreds of emerging AI clouds. Currently, it connects with approximately 30 vendors, with an annualized computing power scale of approximately $200 million. Founder and CEO Jasper Zhang stated that the company is nearing break-even and aims to achieve recurring revenue of $150 million this year. The company will use this round of funding to expand its cross-cloud AI chip management tools. [Original Link]