🌎 Aethir Reaches $36 Million ARR with Decentralized Cloud Platform

Aethir, a decentralized cloud infrastructure platform, achieved $36 million in annual recurring revenue (ARR) this past year.

Annual recurring revenue is a key metric for Software as a Service (SaaS) companies, reflecting subscription-based revenue alone. The DePIN startup, nearing its product mainnet deployment, plans to convert this revenue into its native utility token, ATH.

Aethir’s Growth Amid GPU-as-a-Service Market Surge

The Aethir team highlighted the platform’s rapid growth driven by the demand for its decentralized cloud infrastructure in artificial intelligence (AI) and gaming sectors. Revenue from its products reached $36 million, showcasing significant traction.

Core Business and Annual Revenue

Since its inception, Aethir has focused on creating enterprise-grade innovations through its Decentralized GPU Infrastructure. This approach has resulted in over $36 million in ARR.

The startup is targeting further growth as demand increases, with a total addressable market (TAM) of over $30 billion across key sectors. Aethir aims to enhance its service models, including:

Infrastructure as a Service (IaaS): Providing virtualized GPU instances for clients.
Platform as a Service (PaaS): Offering a suite of tools and services for GPU-accelerated applications.
Bare Metal: Dedicated GPU hardware for intensive tasks such as large-scale simulations.

Key Milestones

Aethir’s network went live on the Ethereum network on June 12, following a testnet launch that involved over 500,000 users. The startup’s node sale received backing from Nvidia, HPE, and Foxconn.

The team has also secured partnerships with Xsolla, Magic Eden, and TensorOpera, an AI platform that used Aethir’s distributed GPU power to train a 750-million parameter AI model over 30 days.

On Aethir, the native token ATH can be used for staking on Ethereum, payments, and network rewards on the Layer-2 network Arbitrum. ATH has a total supply of 42 billion tokens, with its price around $0.0824 as of Tuesday morning.