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Venture Capital News: Monster API Announces $1.1M Pre-Seed Round

2023-06-08
PALO ALTO, CA, Today Monster API has secured $1.1 million in pre-seed funding led by Carya Ventures.
Today Monster API is launching its platform to provide developers access to GPU infrastructure and pre-trained AI models at a far lower cost than other cloud-based options, delivering extraordinary ease of use and scalability. It utilizes decentralized computing to enable developers to quickly and efficiently create AI applications, saving up to 90% over traditional cloud options.

The company secured $1.1 million in pre-seed funding led by Carya Ventures, with participation from Rebright Partners.

Monster API started as the "Airbnb of GPUs" and has evolved into a comprehensive ML pipeline platform. It delivers a scalable, globally available and affordable platform for generative AI. The company accesses the unused computing power of millions of decentralized crypto and gaming computers worldwide, optimizing them for machine learning. The Monster API platform allows developers to quickly and easily access AI models at a fraction of the cost of competitors such as AWS and Google Cloud. With its massive GPU network and out-of-the-box setup, the platform meets the ever-growing demand for generative AI applications.
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