About
Akash Network is a decentralized GPU cloud marketplace offering 60-70% cost reduction vs AWS. Q4 2024: 577 GPUs (+269% YoY), $742K lease revenue (+565% YoY). Supports NVIDIA H100, A100, and integrating Blackwell B200/B300. Raising $75M via Starbonds for 7,200 GB200 GPUs. CEO Greg Osuri named CoinDesk Most Influential 2024.
Key Facts
- [1]Funding: Total funding: $3M. Last round: Oct 2020. Stage: Late Stage.
- [2]Employees: Employee count: 11-50.
- [3]Company Type: Token company (token-based project).
- [4]Web3: Web3 and blockchain technology company. Token-based project.
- [5]Website: Official website: akash.network.
- [6]AI Technology: Core AI/ML technologies: Infrastructure.
- [7]Region: Region: Americas (United States).
Founders
Greg Osuri
Co-founder & CEO
Adam Bozanich
Co-founder & CTO
AI Technology
Infrastructure
AI/ML infrastructure, compute networks, and tooling
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Akash Network?
Akash Network is a decentralized GPU cloud marketplace offering 60-70% cost reduction vs AWS. Q4 2024: 577 GPUs (+269% YoY), $742K lease revenue (+565% YoY). Supports NVIDIA H100, A100, and integrating Blackwell B200/B300. Raising $75M via Starbonds for 7,200 GB200 GPUs. CEO Greg Osuri named CoinDesk Most Influential 2024. Akash Network is classified in the Crypto & Web3 segment at the Infrastructure layer of the financial AI stack.
Who founded Akash Network?
Akash Network was founded by Greg Osuri (Co-founder & CEO) and Adam Bozanich (Co-founder & CTO).
How much funding has Akash Network raised?
Akash Network has raised $3M in total funding, placing the company at the Late Stage stage. The most recent round closed in Oct 2020. Among 38 funded Crypto & Web3 companies, Akash Network ranks #38 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Akash Network use?
Akash Network primarily leverages Infrastructure technology. AI/ML infrastructure, compute networks, and tooling. Within the Crypto & Web3 segment, 28 companies use this technology.
What market segment does Akash Network operate in?
Akash Network operates in the Crypto & Web3 and Research & Data market segments. AI-powered crypto and Web3 companies operate at the intersection of artificial intelligence, blockchain technology, and decentralized finance. This segment includes DeFi protocols enhanced by AI, crypto trading platforms, blockchain analytics tools, and the emerging category of on-chain AI agents. The company also has a footprint in research & data, reflecting its cross-functional approach to financial AI.
Who are Akash Network's competitors?
Companies similar to Akash Network in the Crypto & Web3 space include Stripe ($9.8B raised), Natural ($10M raised), Catena Labs ($18M raised), Virtuals Protocol (VIRTUAL) ($16M raised), VaderAI. These companies operate in related areas of financial AI: Stripe focuses on ai-powered payments platform with fraud detection. Natural focuses on payments infrastructure for ai agent transactions. Catena Labs focuses on building payment rails for ai agents. (Based on AIFI Map classification data.)
What products does Akash Network offer?
Akash Network builds infrastructure-layer solutions for the financial services industry. The company's core offering: Decentralized cloud for AI computing. The platform is powered by Infrastructure technology.
Is Akash Network publicly traded?
Akash Network operates as a token-based project rather than a traditional equity-backed company. It is a Web3-native platform leveraging blockchain and decentralized finance.
Does Akash Network use Web3 or blockchain technology?
Yes, Akash Network incorporates Web3 and blockchain technology. Decentralized cloud for AI computing. The project operates as a token-based platform. Akash Network is part of the Crypto & Web3 segment in the AIFI directory.