We are happy to announce a $30.5 million initial closing of our Series A, led by Valor Atreides AI Fund (
@valor @Atreidesmgmt), with investments from
@CMEVentures*,
@DRWTrading,
@FPrimeCapital,
@SamsungNext,
@vaneck_us,
@further,
@jumptrading, Tectonic Ventures, and
@wintermute_t, and participation from
@breed_vc,
@hack_vc,
@blank_vc,
@SancusVentures, and
@sogalventures.
The infrastructure underneath the round: daily GPU pricing benchmarks built from roughly 100 rental platforms in more than 40 countries, over 150,000 verified pricing records a day, continuous history since September 2024, alongside the GPU Forward Curve, the Silicon Data Token Index, the RAM Index, and SiliconMark performance benchmarking.
Our raise comes as
@CMEGroup prepares to use Silicon Data benchmarks as the reference price for its planned cash-settled GPU futures market (pending regulatory approval) - a regulated instrument that will allow market participants to manage changes in GPU rental prices against a published, daily benchmark.
The Series A will fund expansion across four areas: benchmark pricing, performance measurement through SiliconMark, institutional market and alternative data, and risk infrastructure for derivatives, insurance and credit markets.
* Correction: in a previous post, we had mistakenly listed
@CMEGroup as an investor instead of
@CMEVentures.