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AMP PBC secures $1.3 billion in funding to develop a GPU utility grid, backed by Andreessen Horowitz and Y Combinator.
PRIVATEJun 13, 2026•2 days ago
Amount Raised
$1.3 Billion
Artificial IntelligenceMachine Learning
Investors
Y CombinatorAndreessen Horowitz
Description
AMP PBC is building an electric grid for AI compute by pooling idle GPUs from various data centers. The company has raised $1.3 billion in funding commitments to tackle the growing GPU rental costs. With support from notable investors like Andreessen Horowitz and Y Combinator, AMP aims to provide affordable compute solutions for AI labs. This innovative model seeks to address the increasing demand for GPUs in AI research.
Company Information
Company
AMP PBC
About
AMP PBC is a public benefit corporation established to create an electric grid for AI compute by pooling idle GPUs from various data centers. The goal is to provide a shared network for AI labs to access more affordable computational resources. By addressing the GPU rental cost crisis, AMP aims to support smaller AI teams that struggle with access to computing power. The company operates both a compute grid and a venture arm to invest in early-stage AI companies.
