Series A · AI & Machine Learning · Geneva, Switzerland · Founded 2022 · 11–70 employees
Hive is reinventing cloud computing from a centralized model to a distributed cloud infrastructure that aggregates individual devices' unused computing capacities and storage. The company raised €12 million in Series A funding in March 2024, led by SC Ventures. Hive has amassed over 25,000 active users from 147 countries who contribute to their distributed cloud network. Their platform enables companies to manage workloads like GenAI inference, video processing, and 3D modeling while reducing cloud energy use by 77%. Founded by serial entrepreneur David Gurlé, who previously founded Symphony Communication Services valued at $1.5 billion.
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