OKX Ventures Announces Seed Round Investment in Prodia, a Distributed Cloud Computing Firm
Singapore, July 5, 2024 — OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, has issued updates for July 5, 2024.
OKX Ventures Announces Seed Round Investment in Prodia, a Distributed Cloud Computing Firm
OKX Ventures today announced its participation in the seed investment round for Prodia, a web3 distributed cloud computing firm.
Prodia is building a distributed network of graphics processing units (GPUs) to provide more efficient cloud computing services at a lower cost using web3 infrastructure. The firm will use its seed financing to grow the company, add support for generative video and large language models (LLMs), as well as expand the types of GPU hardware in its roster.
OKX Ventures Founder Dora Yue said: “We are delighted to invest in Prodia, a distributed GPU cloud designed specifically for AI Inference. Prodia’s high-performance cloud service features cost reduction and efficiency, cutting costs by 50–90% while accelerating generation speeds. Its easy-to-use API offers AI solutions to more organizations. Prodia has generated more than 400 million images, allowing both individual and enterprise users to realize their AI modeling dreams with Prodia’s powerful GPU support.”
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About OKX Ventures
OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
