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RunPod raises $20M in seed funding co-led by Intel Capital and Dell Technologies Capital to empower developers deploying custom full-stack AI applications.

PRIVATEMay 08, 2024

Amount Raised

$20 Million

Round Type

Seed

PhiladelphiaInformation TechnologySoftware

Investors

Adam LewisNat FriedmanJulien ChaummondDell Technologies CapitalIntel Capital

Description

RunPod announced it raised $20M in Seed funding co-led by Intel Capital and Dell Technologies Capital, with participation from Julien Chaummond, Nat Friedman, and Adam Lewis. This funding will enhance the day-to-day life of developers, form new partnerships and integrations, and offer new and existing customers the perfect foundation for developing custom AI models.

Company Information

Company

RunPod

Location

1181 NIXON DR #1158

Philadelphia, Pennsylvania, United States

About

RunPod provides cost-effective GPU cloud computing services for training, deploying, and scaling AI models. With GPU Cloud, users can spin up an on-demand GPU instance in a few clicks. With Serverless, users can create autoscaling API endpoints for scaling inference on their models in production. RunPod was founded in 2022 and is headquartered in New Jersey.

Fundz sees it the moment RunPod raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsJustin M., Chief Operations Officer (coo/cro) hidden hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for RunPod's next move

See what Strategic adds

RunPod raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick. $29 a month, billed annually, and if it does not pay for itself in a year we refund it.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.