San Francisco Compute Co. raised $12 million in an early funding round led by Alt Capital to launch a trading platform for computing power.

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San Francisco Compute Company is building the first real-time compute exchange. We think that over the next decade, thousands of startups and labs are going to be training and serving large models. They need compute to do this, and we’re building an exchange on which that compute can be traded. If we’re successful, it will be possible to scale to tens of thousands of accelerators for hours at a time without having to build your own infrastructure. This will greatly increase the number of organizations that can afford to train large models, which will make the most important technology of our lifetime accessible to more people.