io.net, a leader in Decentralized Physical Infrastructure Networks (DePIN), has announced the appointment of Tory Green as its new CEO. Tory, who replaces the outgoing Ahmad Shadid, has stepped up from his COO role with io.net and will now lead the company as it expands its Internet of GPUs.
In his role as CEO of io.net, Tory Green brings over 20 years of experience as an entrepreneur, investor and C-level executive in the tech industry. Having previously served as COO, Tory Green has been pivotal in navigating io.net’s strategic initiatives and growth, gaining a wealth of knowledge about the challenges of expanding a decentralized physical infrastructure network to compete with centralized incumbents.
Tory has been an instrumental part of io.net’s growth, having led the company’s Series A fundraise and managed day-to-day operations in the months leading up to the leadership transition. His focus is bringing discipline and operational excellence to the new leadership team. In his new role as CEO, Tory will be reinforcing the Business Development and Technical teams, including appointing new leadership to prepare for io.net’s next stage of growth.
In a statement, Tory Green said: “I’m honored to be appointed CEO of io.net, and of building upon the fine work that has been done in carrying the company to where it is today. Over the last five years, io.net has evolved from an idea into a major company that is accelerating AI innovation and providing revenue for a global army of GPU and CPU suppliers. But this is only the start.”
“With IOG Network we’ve proven the viability of DePIN in creating a thriving two-sided marketplace that allows AI startups to access the compute they need on demand. Now, the focus turns to expanding our global network with the goal of positioning io.net at the forefront of the AI revolution while providing greater opportunities for GPU suppliers to participate.”
Tory’s previous role as io.net COO has ensured a smooth transition and maintained io.net’s strategic vision and current roadmap with full backing from the leadership team. Prior to joining io.net, Tory’s career included seven years as a VC at Tiller Partners, where he worked with portfolio companies in a variety of operational roles (COO, CRO, CFO). More recently, he served as COO & CFO of Hum Capital.
Prior to io.net, Tory held key operational, financial, and strategic roles at Tiller Partners, Hum Capital, Oaktree Capital Management, The Walt Disney Company, Merrill Lynch, and 21st Century Fox. He holds a BA in Economics from Stanford University and played football for the United States Military Academy at West Point.
Since launching seven months ago, io.net has generated over $1M in earnings for workers through its self-service platform and established a robust managed services business with $200K per month in revenue. The network now has over 250,000 verified GPUs and CPUs that have completed Proof of Work verification and 26,000 cluster-ready GPUs and CPUs that are available for on-demand deployment.
About io.net
io.net is a decentralized physical infrastructure network (DePIN) that deploys and manages on-demand, decentralized GPU clusters from geo-distributed sources. Hundreds of thousands of GPUs are accessible today in IO Network, and this Internet of GPUs is specifically architected for low latency, high processing demand use cases like AI/ML ops and cloud gaming. io.net democratizes access to GPU compute capacity while reducing costs, expediting lead times, and expanding choice for engineers and businesses.
This post was last modified on Aug 15, 2024, 14:28 BST 14:28