io.net
io.net operates a decentralized GPU computing network aggregating 130,000+ GPUs across 130+ countries, renting distributed AI compute to developers, AI agent projects, and enterprises at 45-80% cost savings versus hyperscale cloud providers.
- Company typePrivate
- Founded2022
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What io.net does
io.net operates a decentralized GPU computing network structured as a DePIN (Decentralized Physical Infrastructure Networks) protocol, aggregating 130,000+ GPUs across 130+ countries to deliver compute for AI training and inference workloads. The platform functions as a two-sided marketplace: GPU owners contribute idle hardware in exchange for token-based rewards, while developers, AI agent projects, and enterprises rent distributed compute at a stated 45-80% cost advantage versus hyperscale cloud providers such as AWS. Technically, the company positions itself as an open-source AI infrastructure layer with partner front-ends (e.g., the Solana-based DEPINfer marketplace built by Tianrong Internet Products) and cross-chain integrations including BNB Smart Chain.
The business model is usage-based: revenue is generated from rental of distributed GPU resources, with pricing not publicly disclosed but marketed around the cost-savings differential versus centralized cloud alternatives. Go-to-market combines a self-serve direct network for developers and enterprises with partner-operated marketplaces that broaden distribution into crypto-native and DePIN ecosystems. Customer segments include AI developers and researchers (primary), AI agent projects, GPU resource suppliers, and enterprises seeking latency-tolerant AI workloads. The company is privately held, headquartered in New York, founded in 2022, operates with 11-50 employees, and has raised a $30M Series A led by Hack VC in March 2024 alongside other crypto-focused investors.
io.net firmographics
Firmographics- Name
- io.net
- Legal name
- io.net
- Website
- https://io.net/
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- io.net operates a decentralized GPU computing network aggregating 130,000+ GPUs across 130+ countries, renting distributed AI compute to developers, AI agent projects, and enterprises at 45-80% cost savings versus hyperscale cloud providers.
- Ownership category
- akta.pro rank
io.net industry classification
Industry- Product category
- Decentralized GPU Compute
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Processing & Data Preparation (7374), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Decentralized GPU/AI Compute Networks (training/inference, GPU renting, model hosting) (FSAPALAC)
- akta.pro secondary industries
- AI Compute Cloud & GPU-as-a-Service (HDAAAAAK), DePIN Orchestration, Scheduling & Middleware (resource discovery, job scheduling, workload orchestration) (FSAPALAK), DePIN Hardware, Devices & Supply Chain (miners/routers/hotspots, firmware, device management) (FSAPALAJ), GPU/Accelerator Compute Servers (HDABADAC), AI Accelerators (GPUs/TPUs/NPUs/ASICs) (HDAAAAAA)
Keywords
Where io.net is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
io.net business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations
Revenue model
- GPU Compute Rental: Revenue generated from renting distributed GPU computing resources to developers and enterprises for AI inference workloads. The decentralized network allows GPU owners to contribute idle resources and earn rewards while consumers pay for access to compute capacity.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels2 records
io.net product offering
Product offeringCore offering
io.net provides a decentralized GPU computing network (DePIN) that aggregates 130,000+ GPUs distributed across 130+ countries into a unified compute marketplace. Machine learning engineers, AI developers, and enterprises access distributed clusters for AI training and inference workloads, paying usage-based fees that are 45-80% lower than hyperscale cloud providers such as AWS for latency-tolerant workloads. GPU owners contribute idle resources to the network in exchange for token-based rewards.
Product overview
io.net operates as a unified decentralized GPU compute platform providing distributed infrastructure for AI workloads. The core platform aggregates GPU resources across a global network (130,000+ GPUs spanning 130+ countries) and makes them available for AI training and inference tasks. As an open-source AI infrastructure platform, io.net positions itself within the DePIN (Decentralized Physical Infrastructure Networks) sector, competing with Akash, Render Network, and Bittensor for demand from developers who have outgrown subsidized consumer AI subscriptions. The platform enables cost-effective access to GPU compute through its decentralized marketplace model.
Differentiator
Problem solved
Functional benefit
Products and services
- io.net Platform Open-source AI infrastructure platform providing decentralized GPU computing resources for AI workloads. Aggregates 130,000+ GPUs across 130+ countries, enabling developers and enterprises to access distributed compute for machine learning training and inference at 45-80% cost savings versus hyperscale cloud providers such as AWS. Targets AI developers, ML engineers, and enterprises running latency-tolerant AI workloads.
Quantifiable outcome
- 45-80% cost savings compared to hyperscale cloud providers like AWS
- +1 more outcomes
Companies that use io.net
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
io.net technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature2 records
io.net partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Tianrong Internet Products and Services Inc.coreTianrong's DEPINfer decentralized GPU compute marketplace integrates with io.net infrastructure, enabling GPU suppliers to list resources through io.net and consumers to rent compute. The platform uses escrow smart contracts for trustless transactions and targets 10,000+ total users and 100,000+ monthly GPU compute hours within four weeks of launch.
- Tianrong Internet Products and Services Inc.coreBeta launch of DEPINfer platform built on Solana using $DEPIN token and integrated with io.net infrastructure. Platform enables GPU owners to contribute idle resources for $DEPIN rewards while providing developers and enterprises access to on-demand AI inference workloads.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
io.net competitors and assessment
Company assessmentDirect peers
- Akash Network: Decentralized compute marketplace allowing users to rent compute (including GPUs) for AI workloads via a two-sided marketplace model. Directly competes with io.net on decentralized GPU supply and AI workload pricing.
- Render Network: Decentralized GPU network originally built for 3D rendering and increasingly positioned for AI/compute workloads. Same DePIN GPU marketplace model and supplier base as io.net.
- Bittensor: Decentralized AI network that incentivizes distributed compute contributors to train and serve ML models, with token-rewarded GPU supply. Direct competitor in the decentralized AI compute economy alongside io.net.
- Vast.ai: Peer-to-peer marketplace for renting GPU compute from individuals and small operators, targeting AI training and inference. Same two-sided marketplace mechanics as io.net though operating outside the DePIN token model.
Emerging players
- Gensyn: Decentralized protocol for distributed ML model training with verifiable compute. Targets a narrower workload (training) but competes for the same decentralized AI compute supplier base as io.net.
Broad incumbents
- CoreWeave: Large-scale centralized GPU cloud provider serving AI labs and enterprises with NVIDIA H100/H200 capacity. Sets the price/performance benchmark against which io.net's cost advantage is measured.
- Lambda Labs: GPU cloud provider offering on-demand AI training and inference instances. Competes with io.net for price-sensitive AI developers, albeit with centralized infrastructure and stronger SLAs.
- RunPod: Cloud platform providing GPU pods and serverless endpoints for AI inference and training. Targets the same AI developer persona as io.net with comparable hourly GPU pricing.
- Together AI: AI cloud platform providing GPU-backed inference and fine-tuning services for open-source models. Competes for the same AI developer workload bucket that io.net serves via decentralized GPUs.
- Fluidstack: Large-scale GPU cloud provider operating hyperscale-grade AI compute clusters for foundation model labs. Represents the centralized, high-reliability alternative to io.net's decentralized network.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
io.net social profiles
Digital presenceio.net financial estimates
Financial estimateRevenue estimate
Valuation estimate
io.net leadership team
Management profileNumber of profiles
Profiles8 records
io.net funding detail
Funding detailFunding overview
Funding rounds4 records
Investors20 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
io.net M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about io.net
What does io.net do?
io.net provides a decentralized GPU computing network (DePIN) that aggregates 130,000+ GPUs distributed across 130+ countries into a unified compute marketplace. Machine learning engineers, AI developers, and enterprises access distributed clusters for AI training and inference workloads, paying usage-based fees that are 45-80% lower than hyperscale cloud providers such as AWS for latency-tolerant workloads. GPU owners contribute idle resources to the network in exchange for token-based rewards.
Is io.net a public or private company?
io.net is a private company. It is classified as venture growth investor backed and is currently operating.
When was io.net founded?
io.net was founded in 2022. It employs 51 to 100 people.
Where is io.net based?
io.net is headquartered in New York, United States, in the North America region.
How does io.net make money?
One revenue line is on record: GPU Compute Rental.
Who are io.net's main competitors?
Direct peers on record are Akash Network, Render Network, Bittensor and Vast.ai. Gensyn is listed as an emerging player. Broad incumbents are CoreWeave, Lambda Labs, RunPod, Together AI and Fluidstack.
Does io.net have an API?
No public API is recorded for io.net.
What industry is io.net in?
io.net's product category is Decentralized GPU Compute. Its primary akta.pro industry code is FSAPALAC, Decentralized GPU/AI Compute Networks (training/inference, GPU renting, model hosting), with a secondary code of HDAAAAAK, AI Compute Cloud & GPU-as-a-Service. Its NAICS code is 5182 and its SIC code is 7374.