GigaIO Secures $21M to Scale AI Inferencing Infrastructure Solutions in Series B First Close

GigaIO Networks, Inc., a provider of scalable infrastructure specifically designed for AI inferencing, announced it has raised $21 million in the first tranche of its Series B financing.

The round was led by Impact Venture Capital, with participation from CerraCap Ventures, G Vision Capital, Mark IV Capital, and SourceCode Cerberus.

The new funding will enable GigaIO to expand production of its flagship products SuperNODE and Gryf and accelerate innovation with a clear focus on AI inferencing.

Funding will be used to:

• Ramp up production of SuperNODE, an infrastructure designed for AI inferencing at scale.
• Accelerate the deployment of Gryf, a carry-on suitcase-sized AI inferencing HPC, which brings datacenter-class computing power directly to the edge.
• Invest in new product development to broaden GigaIO’s technology offerings.
• Expand the sales and marketing teams to serve the increasing demand for vendor-agnostic AI infrastructure.

“We are thrilled to achieve this milestone with the support of Impact Venture Capital and our investors,” said Alan Benjamin, CEO, GigaIO. “With SuperNODE and Gryf, we have created a new paradigm for cost-effective and power-efficient AI inferencing infrastructure. Our vendor-agnostic platform uniquely frees customers from dependency on single-source AI chips and architectures. Whether it’s GPUs from NVIDIA and AMD or new AI chips from innovators like Tenstorrent and d-Matrix, GigaIO enables customers to leverage the best technologies without vendor lock-in. This funding gives us the fuel to move faster and meet the surging demand.“

GigaIO’s patented FabreX AI memory fabric architecture enables the scale-up and dynamic composition of compute, GPU, storage, and networking resources – unlocking performance and cost efficiencies that traditional architectures are unable to deliver. As AI models grow larger and more complex, FabreX provides the flexibility needed to scale infrastructure on demand, at the rack level and beyond.

“GigaIO’s innovative infrastructure is precisely what businesses need to harness the transformative power of AI,” said Jack Crawford, founding general partner, Impact Venture Capital. “As enterprises and cloud providers race to deploy AI at scale, GigaIO delivers a uniquely flexible, cost-effective, and energy-efficient solution that accelerates time to insight. We believe GigaIO has assembled a world-class team and is poised to become a foundational pillar of tomorrow’s AI-powered infrastructure, and we’re proud to back their vision.“

GigaIO plans to complete a second close of the Series B in the coming months, citing continued strong interest from strategic and financial investors. Rockefeller Capital Management’s Technology Investment Banking division served as the exclusive advisor to GigaIO in the transaction.