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

Jul 17, 2024•12 months ago

Amount Raised

$12 Million

Round Type

seed

San FranciscoInformation TechnologyMachine LearningArtificial IntelligenceSoftware

Investors

Alt Capital

Description

San Francisco Compute Co. has raised $12 million in an early funding round to launch a trading platform for computing power. The company aims to help companies working with artificial intelligence (AI) meet the challenge of getting access to the semiconductors they need. With the funding, the company plans to double its staff to 30 people and build out the trading platform.

Company Information

Company

San Francisco Compute

Location

San Francisco, California, United States

About

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.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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