On May 9, 2024, the GPU cloud platform headquartered in Philadelphia, Pennsylvania, USARunPodannounced it had raised $20 million in seed round funding, co-led by Intel Capital and Dell Technologies Capital, with Julien Chaummond, Nat Friedman, and Adam Lewis also participating in the investment.
The company plans to use the raised funds to enhance developers' daily experience, form new partnerships and integrations to achieve a seamless user experience, and provide a foundational platform for new and existing customers to develop custom artificial intelligence (AI) models.
Founded in 2022, RunPod is a globally distributed GPU cloud platform dedicated to empowering developers to deploy custom full-stack AI applications. The company was co-founded by Zhen Lu, who serves as Chief Executive Officer (CEO). Its main business includes providing GPU instances and serverless GPU services, enabling developers to develop, train, and scale AI applications in seconds. RunPod is committed to making cloud computing accessible and affordable without sacrificing functionality, usability, or experience.
(Source:VentureBeat）