Tech Company Financing Transactions

RunPod Funding Round

Dell Technologies Capital, Intel Capital and private investors participated in a $20 million Seed funding round for RunPod. The financing round was recorded on 5/8/2024.

Transaction Overview

Company Name
Announced On
5/8/2024
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Seed
Investors

Dell Technologies Capital (Lead Investor)

Intel Capital (Lead Investor) (Mark Rostick)

private investors (Adam Lewis)

private investors (Julien Chaummond)

private investors (Nat Friedman)

Proceeds Purpose
The company intends to use the funds to expand operations and development efforts.

Company Information

Company Status
Private & Independent
Industry
Software
Mailing Address
102 Lakeland Avenue
Dover, DE 19901
USA
Phone
Undisclosed
Email Address
Overview
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.
Profile
RunPod LinkedIn Company Profile
Social Media
RunPod Company Twitter Account
Company News
RunPod News
Facebook
RunPod on Facebook
YouTube
RunPod on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Zhen Lu
  Zhen Lu LinkedIn Profile  Zhen Lu Twitter Account  Zhen Lu News  Zhen Lu on Facebook


 

 

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Prev: 5/8/2024: Futura venture capital transaction
Next: 5/8/2024: Greenboard venture capital transaction

 

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We document every notable VC transaction. All VC database entries on this site come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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