About
io.net aggregates underutilized GPUs from data centers and crypto miners into on-demand clusters for AI workloads at up to 70% lower cost than AWS. Grew from 60K to 327K verified GPUs between March 2024 and 2025. Surpassed $20M in on-chain revenue. IO token launched on Solana in June 2024 with 800M fixed supply. Launched Co-Staking Marketplace in 2025 letting IO holders stake alongside GPU operators.
Key Facts
- [1]Funding: Total funding: $30M. Stage: Early 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: io.net.
- [6]AI Technology: Core AI/ML technologies: Infrastructure.
- [7]Region: Region: Americas (United States).
Founder
Ahmad Shadid
Founder & CEO
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 io.net?
io.net aggregates underutilized GPUs from data centers and crypto miners into on-demand clusters for AI workloads at up to 70% lower cost than AWS. Grew from 60K to 327K verified GPUs between March 2024 and 2025. Surpassed $20M in on-chain revenue. IO token launched on Solana in June 2024 with 800M fixed supply. Launched Co-Staking Marketplace in 2025 letting IO holders stake alongside GPU operators. io.net is classified in the Crypto & Web3 segment at the Infrastructure layer of the financial AI stack.
Who founded io.net?
io.net was founded by Ahmad Shadid (Founder & CEO).
How much funding has io.net raised?
io.net has raised $30M in total funding, placing the company at the Early Stage stage. Among 38 funded Crypto & Web3 companies, io.net ranks #25 by total capital raised. (Source: AIFI Map directory.)
What AI technology does io.net use?
io.net 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 io.net operate in?
io.net operates in the Crypto & Web3 market segment. 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.
Who are io.net's competitors?
Companies similar to io.net 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 io.net offer?
io.net builds infrastructure-layer solutions for the financial services industry. The company's core offering: Decentralized GPU compute network. The platform is powered by Infrastructure technology.
Is io.net publicly traded?
io.net 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 io.net use Web3 or blockchain technology?
Yes, io.net incorporates Web3 and blockchain technology. Decentralized GPU compute network. The project operates as a token-based platform. io.net is part of the Crypto & Web3 segment in the AIFI directory.