Ornn raises $33M to help companies buy and sell AI compute as a commodity like oil
Artificial intelligence startup Ornn AI Inc. made a big splash today as it raised $33 million in seed funding from Andreessen Horowitz's crypto-focused fund and others to build out a marketplace for computing power. The round was co-led by Galaxy Ventures and saw participation from Nordstar and SV Angel, plus existing investors Crucible Capital, Vine [...
Key Takeaways
- SiliconANGLE UPDATED 22:14 EDT / JUNE 24 2026 AI Ornn raises $33M to help companies buy and sell AI compute as a commodity like oil by Mike Wheatley Artificial intelligence startup Ornn AI Inc.
The round was co-led by Galaxy Ventures and saw participation from Nordstar and SV Angel, plus existing investors Crucible Capital, Vine Ventures, Link Ventures and Box Group.
- The data center operators that sell compute resources are also disadvantaged by the lack of a proper marketplace.
"Operators are forced to underwrite tenants one at a time, even as usage shifts across clusters, regions and hardware types," Bavaria and Nelms explained.
- "The AI buildout is shaping up to be the largest reallocation of capital toward physical infrastructure in our lifetimes," the founders wrote.
"And it is being financed without the price layer, the hedging tools or the capital base that every prior infrastructure buildout required to scale.
- "With a benchmark and the tools to hedge it, capital can finally flow to compute capacity the way it flows to every other commodity.
" Compute is the scarcest resource on earth and the most misallocated.
- "Buyers get exact visibility into the site, hardware configuration, and terms of every cluster they reserve.
Stats & Key Facts
- #made a big splash today as it raised $33 million in seed funding from Andreessen Horowitz's crypto-focused fund and others to build out a marketplace for computing power.
- #] The post Ornn raises $33M to help companies buy and sell AI compute as a commodity like oil appeared first on SiliconANGLE.
- #SiliconANGLE UPDATED 22:14 EDT / JUNE 24 2026 AI Ornn raises $33M to help companies buy and sell AI compute as a commodity like oil by Mike Wheatley Artificial intelligence startup Ornn AI Inc.
- #made a big splash today as it raised $33 million in seed funding from Andreessen Horowitz's crypto-focused fund and others to build out a marketplace for computing power.
SiliconANGLE UPDATED 22:14 EDT / JUNE 24 2026 AI Ornn raises $33M to help companies buy and sell AI compute as a commodity like oil by Mike Wheatley Artificial intelligence startup Ornn AI Inc. made a big splash today as it raised $33 million in seed funding from Andreessen Horowitz's crypto-focused fund and others to build out a marketplace for computing power. The round was co-led by Galaxy Ventures and saw participation from Nordstar and SV Angel, plus existing investors Crucible Capital, Vine Ventures, Link Ventures and Box Group.
Ornn was founded by Massachusetts Institute of Technology graduates Kush Bavaria and Wayne Nelms, who published a blog post on X explaining that they're building the world's first compute marketplace. The company first developed an index that tracks the cost of graphics processing units, which are one of the most vital resources for AI applications. The goal is to bring more transparency to a compute market that's plagued by supply limitations and unpredictable prices.
"Right now, companies that need compute are shut out, overpaying or locked into opaque contracts they cannot benchmark or exit," the founders said. The data center operators that sell compute resources are also disadvantaged by the lack of a proper marketplace. "Operators are forced to underwrite tenants one at a time, even as usage shifts across clusters, regions and hardware types," Bavaria and Nelms explained.
For more details please read the original article at SiliconANGLE AI.
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