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

May 08, 2024•over 1 year ago

Amount Raised

$20 Million

Round Type

seed

PhiladelphiaSoftware

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.

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