SF based developer of the Solana-based decentralized physical infrastructure network (DePIN) io.net raised $30m in Series A funding led by Hack VC.
"Io.net saves customers up to 90% on their cloud AI costs. In an age where GPU chips are in high demand with global shortages, that is simply an incredible accomplishment."
https://www.theblock.co/post/280665/solana-depin-io-net-1-billion-token-valuation-funding