DeepSquare secures $2.5 million

Compute-intensive applications like Artificial Intelligence (AI), Machine Learning (ML), climate modelling, and automation require significant resources consuming gigawatts of power each year and are affordable only to large corporations. To bridge the gap between computing efficiency and sustainability while providing an alternative to the current Cloud Oligarchy, Zug-based DeepSquare is building a decentralized, responsible, and sustainable ecosystem for High-Performance Computing (HPC) as a Service. HPC refers to solutions that enable data processing and complex calculations at high speeds.

The ecosystem is based on the decentralized network of sustainable HPC clusters, powered by renewable energy and equipped with a heat reuse system. The association combines cutting-edge hardware and various technologies commonly found in supercomputers to reach high levels of efficiency and performance, which is not the case with standard servers in the industry. "By doing this, we can exceed the physical nodes and, for instance, parallelize workload in hundreds or even thousands of servers at the same time," says Christophe Lillo, Lead HPC architect at DeepSquare.

To this day, more than 240 individuals, crypto and institutional investors have backed the project, and over 600 are registered in the "investor portal". The funds will be used to grow the association and establish additional sustainable computing clusters.

The first pilot deployed at EPFL
The completion of this financing coincides with the deployment of the first DeepSquare computing cluster on the HES - EPFL Institute campus in the Energypolis building in Sion, Switzerland. The unit is connected to the Sion's district heating network, where all the recovered heat is injected into Sion's central district heating from day one. The cluster utilizes the latest Nvidia and AMD chipsets, Submer immersion cooling systems, and workload management software.

The association will onboard the first customers, including HES, in January. "This financing, together with the deployment of our POC cluster, are two very important milestones in the project development", affirms Diarmuid Daltún, DeepSquare Project Lead.

First institutional investor
White Loop Capital, a French private investment fund specializing in crypto-assets has become the startup's first institutional investor. Thanks to its investment, DeepSquares has obtained more than $2.5M in its round.

(RAN)