COSIMO Digital and Hyperbolic Raise $37 Million in Recent Funding
COSIMO Digital secured $25 million in funding following its rebrand from COSIMO Ventures. A $12 million strategic round, led by former Bridgewater executive Des Mac Intyre, will focus on partnerships and growth in the digital asset space. The rebrand consolidates COSIMO’s services under a unified name, reflecting its comprehensive approach to blockchain and Web3 development.
Managing partner Ciaran Hynes stated that this shift aligns with the company’s goal of providing a seamless suite of services, including investment funds, custody solutions, advisory support, broker-dealer services, and blockchain development. Rob Frasca emphasized the firm’s expertise in tokenization, positioning it as a leader in enabling investors to capitalize on blockchain’s potential. By consolidating offerings, COSIMO aims to better serve institutional and individual clients.
Hyperbolic raised $12 million in a Series A funding round, bringing total funding to $20 million. Variant Fund and Polychain Capital led the round. CEO Jasper Zhang described the investment as pivotal for the company's vision to create an "AI rainforest," an ecosystem designed to foster innovation for researchers and developers. This initiative aims to deliver scalable, reliable, and accessible infrastructure for AI growth and collaboration.
Other developments include Moonray’s $10 million funding round backed by Republic Crypto and Animoca Brands, and TON Ventures raising $5 million from OKX Ventures. Yei Finance secured $2 million in seed funding led by Manifold, while Lava closed a Series A led by Funders Fund and Khosla Ventures. Crypto.com expanded its portfolio with the acquisition of Orion Principals Limited, highlighting growing interest in blockchain-backed innovation.
These funding announcements underscore the dynamic growth of the digital asset and tech sectors, with firms focused on creating robust ecosystems and infrastructure. Strategic investments in blockchain, Web3, and AI illustrate the sector's potential to reshape industries and empower investors and developers in a rapidly evolving landscape.