SF Compute Raises USD 40 Million Series A for AI Marketplace
bolt Executive Summary
- SF Compute closed USD 40 million in Series A funding. The round valued the company at USD 300 million. The cash will help grow its AI compute marketplace.
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SF Compute closed USD 40 million in Series A funding. The round valued the company at USD 300 million. The cash will help grow its AI compute marketplace.
Funding details: USD 40 million (Series A)
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SF Compute raised USD 40 million in a Series A round.
The deal was co-led by DCVC and Wing Venture Capital. Existing investors Electric Capital and Alt Capital also joined in. The financing put the company’s value at USD 300 million.
The funds will go toward expanding the marketplace.
Ali Tamaseb, a partner at DCVC, said the platform lets companies buy compute on short-term deals. It also allows data centers and others to sell extra capacity. This brings more flexibility and better pricing to a market that has been stiff.
SF Compute runs a marketplace for AI computing power. Users can buy GPU capacity flexibly and resell what they do not need. The company is based in San Francisco and was started in 2023.
The news comes from a Wall Street Journal report.
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