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COMPANY: Hyperlink
YEAR FOUNDED: 2022
INDUSTRY: Cloud Computing, AI Infrastructure
HQ: San Francisco, California ๐ŸŒ
FOUNDER: Marta Parke, Tai Au, Abhi Chowdhury
FEATURE
30 Jan 2024

Setting the Scene

  • The surge in demand for computing power is outpacing the world's available capacity.

  • This supply, demand imbalance has led to:

    • High costs: Cloud computing solutions like Amazon Web Services are expensive and slow.

    • Sustainability issues: Data centers are constrained by physical space, energy requirements, and environmental concerns.

  • This weekโ€™s company sustainably and cost-effectively transforms any idle PC into a server that can collectively power the internet.

In a Sentence

Hyperlink turns idle computer GPUs into a supercomputing network, enabling users to monetize passively while powering AI, Blockchain, and Cloud workloads on the internet.

  • GPUs: Graphics processing units are essentially the chips responsible for computing power.

  • Network: Hyperlink expands computing capacity by activating GPUs and CPUs from idle computers both at home and work.

  • Monetize: Users can effortlessly earn up to $4,000 per PC yearly by downloading the Hyperlink app and allowing the network to tap their computerโ€™s processing power.

Bulleted Version

  • Similar to how Airbnb turns houses into hotels without owning physical assets, Hyperlink converts home computers into servers without owning the hardware itself. ๐Ÿ’ป
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The Basics:

  • Headquarters: San Francisco, California ๐ŸŒ
  • Employee Count: 4 FTEs
  • Investors:

    HNWIs and Family Offices

  • Funding amount: $1.57 Million (pre-seed)
  • Currently raising: $2.5 Million (seed) with $2 million already committed
  • Business model: Hyperlink takes 50% commission on the revenue generated from renting out GPUs provided by external suppliers
  • Early traction: Growing 31% MoM in supply of compute, 57,000+ GPUs & 100,000+ CPUs secured in 7 months

Due Diligence

WHAT WE LIKE
  • ๐ŸŒŽ Market opportunity: In the NASDAQ's tech sector, the top eight companies collectively hold a market value of $11 trillion, with about a third, or $3.7 trillion, coming directly from computing.

    • Hyperlink's opportunity in this space is significant, as tapping into even a small fraction of the global computing market could lead to substantial revenue growth.

  • ๐Ÿ”€ Diverse revenue streams: Hyperlink's GPU network, adept at processing cloud computing, AI models, and blockchain workloads, is strategically positioned to capture emerging opportunities across these dynamic tech sectors.

  • ๐Ÿ€ Environmentally conscious: Hyperlink's sharing economy model significantly lessens environmental impacts by repurposing idle GPUs for computing demand, reducing the need for new hardware production.

POTENTIAL RISKS
  • ๐ŸŒŽ Data and privacy: Hyperlink may need to address user concerns about privacy, as their model involves using personal computers for external purposes, necessitating clear communication and education about their privacy safeguards.

  • ๐Ÿ“ˆ Hardware prices: Hyperlink's model might inadvertently increase GPU prices by creating a new demand for computing resources, which would fuel the problem they are attempting to solve.

  • ๐Ÿค Mass Adoption Requirement: The success of Hyperlink's GPU network hinges on widespread participation, requiring extensive outreach and convincing a vast number of GPU owners to join their platform.

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Founder Profile

  • Marta Parke, CEO: Previously an AWS and Oracle enterprise cloud consultant for Fortune 500 companies such as Cartier.

  • Tai Au, CTO: Previously Executive Director at CEC Management.

  • Abhi Chowdhury, Chief of Engineering: Previously at Apple building the backend inventory management system for Apple.com. Also, held engineering roles at Facebook and PwC.

Comps

Why Hyperlink

By powering the internet through idle computers, Hyperlinkโ€™s asset-light model could fulfill the global computing demand, taking a megabyte out of AWSโ€™ market hold.