# io.net: physical AI company

Canonical ID: `f00b1bb3-15c7-4119-9995-05df1c10f55b`

## Key facts

- **Business model:** Decentralized GPU aggregator on Solana: pools idle GPUs from third-party datacenters, crypto miners, and consumers into a single rentable cluster orchestrated on the Ray framework
- **GPU inventory:** Heterogeneous pool spanning NVIDIA A100, H100, H200 and consumer cards (e.g. RTX 4090); io.net has publicly claimed access to hundreds of thousands of GPUs across its supplier network but has never disclosed an audited figure
- **Pricing posture:** Company markets training workloads at roughly one-seventh of AWS list pricing; per-GPU hourly rates float with supplier bids on the network rather than being a fixed rate card
- **Silicon partnerships:** NVIDIA-dominant inventory (A100/H100/H200 plus RTX consumer cards); no disclosed AMD MI300X, Cerebras, or Intel Gaudi capacity
- **Datacenter footprint:** Asset-light: no owned campuses; capacity comes from independent datacenter partners, mining operators, and individual providers who plug hardware into the io.net network
- **Blockchain layer:** IO token launched on Solana in June 2024; token settles supplier payments and gates the network's Incentive Dynamic Engine
- **Latest disclosed funding:** $30M Series A led by Hack VC in March 2024, with Multicoin Capital, Solana Ventures, Aptos Labs, Delphi Digital, and Foresight Ventures participating
- **Leadership change:** Founder [Ahmad Shadid](/people/ahmad-shadid.md) stepped down as CEO in late 2024; COO [Tory Green](/people/tory-green.md) promoted to CEO
- **Positioning axis:** Both training and inference, tilted increasingly toward inference and long-tail / mid-market developer customers rather than hyperscale training tenants
- **Public/private status:** Private company; associated IO token trades on public crypto exchanges but the operating entity has not filed for a listing

- **Slug:** io-net
- **Status:** active
- **Founded:** 2022
- **HQ:** New York, New York, USA
- **Funding total (USD):** 40000000

## Models

_No models registered._

## Current leadership (2)

- [Tory Green](/people/tory-green.md) Chief Executive Officer (_reported, not verified_)
- [Ahmad Shadid](/people/ahmad-shadid.md) Founder (former CEO, stepped down late 2024) (_reported, not verified_)

## Supplies to

_No verified supply relationships on file. Supply-chain coverage is being added across the registry; check back as the seed populates this company's outbound edges._

_Outbound supply edges. Each appears when verified with at least two strong sources. Sources are append-only; corrections add new sources rather than rewrite history._

## Common questions

### What is io.net?

io.net is a decentralized GPU cloud that aggregates idle graphics-processing capacity from independent datacenters, mining operations, and consumer machines into a single on-demand marketplace, orchestrated on the Solana blockchain and settled in the network's IO token. The company started life as a quantitative trading shop; its founders' need to run distributed workloads across scattered GPUs without paying hyperscaler rates became the product, and io.net now positions itself as the alternative to AWS, Google, and CoreWeave for teams that want cheaper compute and are willing to trade the polish of a single-operator cloud for a heterogeneous pool.

### What does io.net make?

io.net has no robot models recorded on the DEPLOY registry. io.net builds physical robots.

### Is io.net publicly traded?

No. io.net is privately held and not publicly traded, per the DEPLOY registry.

### How can I invest in io.net?

io.net is a private company; its shares are not available on public markets, so retail investors cannot buy the stock today. It has raised $40M in disclosed funding.

### Where is io.net headquartered?

io.net is headquartered in New York, New York, USA.

### How much funding has io.net raised?

io.net has raised approximately $40M in disclosed funding on record in the DEPLOY registry.

### Who owns io.net?

io.net is privately held and venture-backed ($40M raised); ownership sits with its founders and private investors.

### Is io.net a top robotics company?

On DEPLOY's intelligence score, which blends verified deployments, funding, hiring, media, safety, and IP signals, io.net ranks in roughly the top 96% of companies tracked by the registry.

### When was io.net founded?

io.net was founded in 2022.


## Sources (5)

1. https://io.net/
2. https://io.net/docs
3. https://io.net/blog/
4. https://techcrunch.com/2024/03/05/io-net-a-decentralized-network-of-gpus-lands-30m-from-hack-vc/
5. https://www.coindesk.com/business/2024/03/05/decentralized-ai-startup-ionet-raises-30m-led-by-hack-vc/

## The verified answers

- [Which companies have the most robots deployed](/which-companies-have-the-most-robots-deployed.md)
- [Which operators run the most robots](/which-operators-run-the-most-robots.md)
- [Which robot operators cover the most countries](/which-robot-operators-cover-the-most-countries.md)

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