Announces 265% YoY Growth as GPU as a Service (GPUaaS)
Market Revenue Soars
LOS ANGELES ,
May 2,
2024 /PRNewswire/ -- Vast.ai, the market leader in
low-cost cloud GPU rentals, today announced the addition of support
for Radeon and Instinct product lines from AMD to the existing
array of NVIDIA machines available for rent on the
marketplace. The company is also announcing significant YoY
growth, averaging 265% since 2019. Vast.ai currently has over
350 independent hosts supplying over 17,000+ GPUs and growing at a
rate of approximately 310% in 2024.
Jake Cannell, CEO at Vast.ai, highlights the strategic
advantage of the update: "I started Vast.ai Inc. in 2018 I saw the
opportunity to launch a novel GPU cloud rental platform so we built
it throughout the summer and launched it to friends and family,
also on Reddit. The business has grown exponentially, in line with
the GPU market. Adding AMD support helps Vast continue the trend
and continue to lead in the space."
Founded by Jake Cannell, Vast.ai was the first marketplace
in 2018 to connect customers searching for AI compute with data
centers and professional GPU hosts. Today, customers include
software developers who are looking to use generative AI in their
websites or products, researchers who need high performance compute
for their projects (either AI-related or not), individuals who want
to run powerful AI models themselves, and agencies and middleware
companies that want to provide custom AI and application
development services to their clients and need access to affordable
GPUs.
Travis Cannell, COO at Vast.ai,
weighed in: "Managed service providers often have under-utilized
hardware that are not committed to customers. Today we are
interested in partnering with managed service providers who have
the AMD Instinct line and who want to increase the utilization of
their clusters, as well as the Radeon line because Vast.ai
customers have needs for remote gaming, rendering, and more."
About Vast.ai
Founded in 2018 as a marketplace
for GPU compute rentals, today Vast.ai is the market leader for low
cost GPU rentals. The service connects data centers and
professionals running the Vast hosting software with users who can
quickly find the best deals for compute according to their specific
requirements. Vast.ai GPU rentals are ~3-5X cheaper than current
alternatives. In particular, consumer computers and GPUs are
considerably more cost-effective than equivalent enterprise
hardware. We are helping the millions of underutilized consumer
GPUs around the world enter the cloud computing market for the
first time.
Media Contact:
Lindsay
Stevens
377152@email4pr.com
213-200-9638
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SOURCE Vast.AI