Neocloud General Compute raises $100 million at an $800 million valuation, renting non-Nvidia chips for inference
Prepared by Sintelligent with the help of SI. Published in SI: . Updated: .
Niche clouds on alternative chips attract big money while the market debates the future of neoclouds.
The Series A was led by Blackbird Ventures and Abstract Ventures; in May a seed round valued the company at $60 million. General Compute rents out capacity on chips from other makers (SambaNova, Positron, Cerebras) and uses small data centers and former crypto-mining sites. According to TechCrunch, the company has a contract worth $100 million in annual revenue and a $400 million loan to buy SambaNova chips; its plan for 2027 is 75 MW of capacity out of about 200 MW available.
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