Exascale Labs signs $71.4M GPU compute deal with Dimension AI

Exascale Labs Inc. has entered into a three-year Compute Service Agreement with Dimension AI Pte. Ltd., a Singapore-based enterprise technology company, under which Exascale will procure approximately $71.4 million of dedicated GPU compute capacity, according to a press release.

The agreement is intended to expand the compute infrastructure available through Exascale's GPU-as-a-Service and token factory platform.

"This agreement with Dimension AI is an important milestone for Exascale as we continue to scale our AI infrastructure platform," said Hoansoo Lee, CEO of Exascale. "Securing long-term access to high-performance GPU capacity allows us to better serve our customers' growing needs for reliable, high-performance compute resources."

Lionel Peh, Director of Dimension AI, said the agreement "demonstrates the strong demand we are seeing for dedicated, high-performance compute capacity."

Exascale operates a GPU compute platform that provides reserved and on-demand access to GPU capacity sourced from third-party data centers. The company is in the process of completing a business combination with D. Boral ARC Acquisition I Corp. Upon closing, the combined company is expected to operate as Exascale Labs Holdings Inc. and trade on the Nasdaq under the ticker symbol "XLAB."

Dimension AI has been registered as a business in Singapore since 1999 and provides solutions across artificial intelligence, cloud computing, data analytics, and cybersecurity.

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