COSIMO digital and Hyperbolic Each Secure $12M Rounds to Drive Growth in Blockchain and AI
Digital asset specialist COSIMO Ventures, which recently rebranded as COSIMO digital, has announced a $12 million strategic funding round to propel its expansion in the fast-growing blockchain and Web3 landscape. The investment, led by former Bridgewater executive Des Mac Intyre, will support efforts to engage key strategic partners and build momentum in this evolving market.
With the rebrand, all of COSIMO’s services will now be brought together under a single, unified identity. According to a company press release, COSIMO digital will offer a broad range of capabilities, including investment funds, custody solutions, advisory services, broker-dealer operations, and blockchain development initiatives.
“Bringing everything together under one visionary brand was the logical next step,” said Managing Partner Ciaran Hynes. “It positions us to better serve clients and fully realize our potential.” Rob Frasca, another member of the COSIMO leadership team, emphasized the firm’s holistic approach to digital asset management, noting that this comprehensive strategy places COSIMO at the forefront of tokenization and blockchain markets, guiding both institutional and individual investors toward the advantages of these transformative technologies.
Meanwhile, Hyperbolic has also closed a notable funding round, announcing a $12 million Series A earlier this week. Led by Variant Fund and Polychain Capital, this latest injection brings Hyperbolic’s total capital raised to $20 million. The company’s CEO, Jasper Zhang, outlined ambitious plans in a blog post, explaining that the new capital will help create what he describes as an “AI rainforest.” This vision entails nurturing a dynamic, interconnected environment where researchers and developers can leverage accessible and reliable services, allowing their ideas to take root and flourish.
Zhang believes the investment will provide greater focus and confidence as Hyperbolic moves beyond its earlier, more improvised phase. Ultimately, the company’s goal is to cultivate a thriving ecosystem where cutting-edge innovations in artificial intelligence can grow, spread, and benefit a broad range of stakeholders.