Prodia's Web3 Infrastructure Powers AI Media
Inference Solutions with Unmatched Low Latency and Cost
Efficiency
ATLANTA, July 2, 2024
/PRNewswire/ -- Prodia, the leading distributed network of GPUs for
AI inference solutions, today announced it raised a $15M seed round led by Dragonfly Capital to build
more scalable, affordable AI solutions powered by Web3. Investment
firms HashKey, Web3.com, Index Ventures, Symbolic Capital, OKX
Ventures, EV3, Artichoke, TRGC, Folius, Tangent Capital, Southern
Equity, Balaji Srinivasan, Sandeep
Nailwal (founder of Polygon), Matthew
Roszak, Jeremy Voss (Director
of Gen AI at Meta), Amit Vasudev
(founder of Clearbit), Thomas France
founder of Ledger, Leon Marshall
(CEO of Galaxy Europe), Nicolas
Pinto, Kenzi Wang,
Jermaine Brown and others.
Demand for high-performance computing is outpacing today's
centralized infrastructure's ability to provide affordable,
scalable solutions. Prodia helps solve this critical problem
through its pioneering use of distributed, Web3 infrastructure. By
leveraging a distributed network of GPUs, Prodia is uniquely
positioned to offer both higher performance and lower costs
compared to traditional cloud services. This approach not only taps
into the unused computing power across the globe, but also
democratizes access to state-of-the-art AI technologies.
This architectural choice is not merely optimal — it is
essential since it provides the structural foundation that makes
Prodia's high-performance, low-cost AI inference solutions
possible. This transformative approach marks a significant
departure from conventional methods, positioning Prodia at the
forefront of the next wave of AI infrastructure development.
Prodia was founded by Monty
Anderson, Mikhail Avady, and Shawn
Wilkinson – previously the founder of the world's largest
decentralized cloud storage company, Storj. With a
vision of making AI more accessible, they built the most efficient
compute engine in the world for AI via their distributed cloud.
With a simple API, developers can integrate the latest models into
their app within hours.
"Every single software company will have a generative AI
component to their app in some form," said Shawn Wilkinson, CEO of Prodia. "We have made it
so easy to add AI into any application that our customers don't
even need to know what a GPU is. This is what sets us apart
and why the top AI generation companies choose Prodia over the
nightmare of fighting for machines on AWS or self hosting," added
Mikhail Avady, co-founder of Prodia.
The new financing will fuel the next phase of the company's
growth, including expansion into generative video and support for
more LLMs. In addition, the funding will be used to help with
expanding the Prodia network to support more types of GPU hardware
and more types of providers.
"We believe Prodia sits at the vanguard of the generative AI
transformation. Their API has bleeding-edge inference capabilities
and we are thrilled to see their progress in making
high-performance inference available for all," said Anirudh Pai, Partner at Dragonfly.
Prodia also recently launched their new low latency API for
enterprise customers, reaching best in class inference speeds in
the world.
"Using tech like JWTs, gossip protocols, and connection pooling,
we've built the fastest inference orchestration tool. It acts as a
distributed system to deliver high efficiency and availability with
minimal latency," said Monty
Anderson, co-founder of Prodia.
Prodia Resources:
- Website: https://prodia.com
- Twitter: https://twitter.com/prodialabs
-
Linkedin: https://www.linkedin.com/company/prodia-labs
- Careers: https://jobs.prodia.com
- Join the network: https://prodia.com/network
About Prodia
Prodia is a distributed GPU cloud specifically designed for AI
inference. Delivering high-performance cloud services, Prodia
reduces costs by 50% - 90% and accelerates generation speeds, all
while providing an easy-to-use Rest API for effortless integration.
Powering the largest media generators, Prodia leads the way in
being the best solution for applications at scale. For more
information, visit https://prodia.com/.
About Dragonfly Capital
Dragonfly is a global crypto venture capital and
research firm. The firm invests in seed, venture, and growth-stage
companies across the entire crypto ecosystem,
including DeFi, CeFi, infrastructure, L1 and L2s,
NFTs, creator/consumer and GambleFi sectors. Dragonfly leverages
its global market knowledge, global empirical research, and
diversity of financial, technical and operations experts to empower
the most innovative crypto companies with the
strategies, relationships, and tools for lasting success. Founded
in 2018 and operating in 12 countries, Dragonfly has about
$2.5B AUM.
For more information,
visit https://www.dragonfly.xyz/
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SOURCE Prodia