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.
I’m thrilled to announce the public launch of my new company, @open_ledger, alongside our $3 million pre-seed funding led by @KindredVentures and @blank_vc more below👇🏿
“There is a crucial time in fast-growing startups when feedback doesn’t flow swiftly enough to the founders; it's at this juncture that coaching can unlock the most value.”
Thanks to Jason Gore for joining us last night at @blank_vc HQ to demystify founder coaching!