Describe the company. The elevator pitch.

Altumea is a decentralized platform that connects GPU owners with researchers, artists and engineers seeking to purchase processing power for high-performance computing, deep learning and AI. It enables owners of the modern graphics processing unit to sell extra computing power to those who need to make large-scale calculations. With this development, buyers can get GPU computing power directly from miners, gamers and other GPU owners with the use of crypto-currencies. Altumea gives users an access to the almost limitless computing power held by millions of GPU owners.

A block-chain reputation ledger supports Altumea’s supply-and-demand marketplace, thus, providing flexibility and stability that continually improves the network’s growth. Since the network’s resources are almost unlimited, the community manages scale, pricing and reputation and thus, giving room for no monopoly of a supplier or a group of service providers.

How are you different?

The current market players such as AWS, Azure and Google just don’t offer the same level of agility and security. Other platforms in works e.g. Golem Project do not offer a solution for GPU computing. They fail to encourage developers to build up and test relevant cases on their own, rather than immediately get access to computing power. Altumea, on the other hand, specializes only in GPU computing and offers a ready-to-use solution for scientists and engineers.

Why will you do well?

We know the problem we are aimed to solve. We are focused at the GPU calculation and we know how to implement them. The computer’s academy (our founder’s project) communication resource helps us to quickly find the right people around the world.

Where are you based?

Our team is distributed between several countries in Europe. Legally we are incorporated in Tallinn, Estonia.

When was the company launched?

The company was launched in late 2017. Until that time, we gathered the team and feedback from potential customers and partners.

What have been your biggest wins to date?

Seed round already raised to launch the token sale campaign. We have launched a token sale campaign and will be able to sum it up at the end of April. Our goal is to receive 30,000 ETH, which is currently about USD$25,000,000. This sum will allow us to implement the platform and build a community around it.

Who are you trying to attract to your product?

From one side, it is a project for GPU owners (miners, gamers, artists etc), who want an additional way to monetize their equipment. From another, we seek to help engineers, scientists and scientific institutions who require computing power to run their research.

What tips would you give to others looking to build their business?

First of all, you need to look at the unsolved problems, which are still many. Often times, we want to start a business having just an interesting idea. But, if this idea does not solve the problem, then it becomes difficult to build a business out of it. And of course you need to be very stubborn 🙂

Tell us about your team?

Our core team consists of just two people. Andrey is the project’s founder. He is the director of a computer academy in Bulgaria, a specialist in human resources, Web 2.0, professional training, strategic marketing, corporate communications and mass media. With more than two decades of industry experience, Andrey has a solid expertise and leadership skill to drive Altumea to great heights.

Delyan Keremedchiev on the other hand is responsible for the technical aspects of the project. He has an extensive experience in building high-loaded systems gained by working with big and open data projects as well as projects related to high-performance computing and complex processing.

Here are the founder’s profiles

Andrey Nikolov

Delyan Keremedchiev, CTO

What are your plans for the future?

By now, we’re in the middle of the token sale campaign. We’re raising funds to build and launch the platform and have plans to implement distributed CUDA calculation prototype and distributed data transfer processing this year. The alpha launch has been scheduled for Q3 2019 and the release is planned for Q4 2020.
Together, with the product development, we will build a community of GPU owners (miners, gamers, artists) who will be the beta testers of the platform. We also plan to partner with scientific institutions and universities, and they will receive preferential terms to purchase GPU computing power.

What are your favourite tech gadgets?

Andrey: As the director of the computer academy, I deal with a huge number of different gadgets.

My most favorite are:
Apple air pods. It seems to be a trifle, but they changed the way I interact with the sound.
The iPad tablet is always with me and it replaces my computer when I’m on the road. Usually, I’m on the road.

What tech gadgets do you wish you could use to help you?

I considered buying a fitness tracker that tracks the pulse and sleep phases. That seems to be very useful to wake up at the right time.

How do people get in touch with you?

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at [email protected] or on Twitter: @SimonCocking

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