Decentralized Cloud Service Startup Aethir Secures $9 Million in its Pre-A Funding Round

By: Asia Business Outlook Team | Thursday, 27 July 2023

Aethir, a Singapore-based decentralised cloud infrastructure (DCI) firm, completed its Pre-A funding round on July 26, bringing the total value raised to date to more than $9 million and the company valuation to $150 million.

According to Aethir, the round was led by leading global investors such as Sanctor Capital, Hashkey, Merit Circle, and CitizenX, with additional support from Mirana Ventures, Animoca Brands, Momentum6, Big Brain Holdings, Builder Capital, Tess Ventures, Maelstrom (Arthur Hayes), and many more.

This successful funding round comes on the heels of a previous seed round led by Framework Ventures and Infinity Ventures Crypto.

Aethir stated that the investment demonstrates investors' belief in the company's ability to revolutionise the gaming and artificial intelligence (AI) industries through its DCI.

With a growing customer base that includes high-profile enterprises, AI companies, and gaming studios, the investment allows Aethir to accelerate its global expansion in key markets such as South East Asia, Latin America, and North America, as well as strengthen its innovative DCI.

“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,” said Mark Rydon, Aethir Co-Founder and Chief Executive Officer.