Hyperline Raises $5.2 Million to Build the Web3 Data Lakehouse
Hyperline is excited to announce its $5.2 million Seed round led by Slow Ventures. Other investors participating in the round include South Park Commons, Script Capital, Canonical Crypto, Picus Capital, Volt Capital, Mischief, and Maelstrom. Hyperline started as part of the Founder Fellowship program at South Park Commons.
This financing will help the team accelerate its mission to empower developers to more rapidly understand, explore, and build new products with Blockchain data with the first end-to-end Web3 data platform.
Today, Web3 developers must build data infrastructure from scratch, combining disparate data vendors, hosted nodes, data warehouses, and more. Building simple analytics applications — not to mention comprehensive AI products — using this data typically requires substantial roadmapping resources or even the hiring of dedicated data teams.
Co-founders Abhinav Vora and Sahil Thaker have experienced this problem first hand when building data infrastructure at tech giants like Microsoft, Meta, Lyft, and Uber. Having seen and helped solve the core challenges of data-intensive applications — ranging from self-driving cars and search to social products and marketplaces — situates them well to tackle these related and growing challenges in Web3.
Sailendra Mishra, Director of Quantitative Research at Lukka, an enterprise crypto asset software and data provider noted:
I would love to build an NFT price prediction system but don’t have the time or resources to do so. Hyperline would allow me to dramatically short-circuit those constraints, allowing us to streamline and accelerate our model development process.
Hyperline does this by creating the first Web3-native Data Lakehouse — a shared storage and compute engine for any Web3 developer looking to build AI products and analytics applications. Companies can focus on building their core application instead of data infrastructure that are hard to create and costly to maintain. Consequently, developers can now easily run all of their workloads ranging from analytics to AI directly on Hyperline. And they can use familiar tools such as SQL, Python, and Jupyter notebooks.
All this is to say that Hyperline will help dramatically lower the cost of building data-intensive applications for Web3 teams and thereby move the industry forward at a faster pace. Daniel Niklas of Picus Capital states:
Hyperline is solving one of the core bottlenecks that we see holding countless companies and the industry more generally back.
Hyperline’s vision extends beyond solving current development bottlenecks. They aim to fundamentally transform how developers create data-intensive applications by introducing intelligence capabilities that will accelerate and democratize the creation of the next generation of applications in Web3, AI, and beyond.
Hyperline is currently in Beta mode and supports several popular blockchains. This capital will help them grow their team and continue developing the product. They aim to make the product generally available later this year.
To learn more, visit https://hyperline.xyz or email abhinav@asynclabs.xyz.
