Ornn, a compute and hashpower market infrastructure company, said it has raised $33 million in a seed funding round led by a16z Crypto, with participation from Galaxy Ventures, Nordstar, and SV Angel.
According to ChainCatcher, the company said the funding will support development of products aimed at creating standardized pricing and capacity infrastructure for compute markets.
Ornn said it has launched the Ornn Compute Price Index (OCPI), a transaction-based compute index designed to provide a unified price benchmark that can be used for settlement in compute markets. The company said partners such as ICE could use OCPI as a reference for futures and options contracts.
Ornn also announced Ornn Compute, which it described as a physical capacity layer for compute markets that aggregates dedicated GPU capacity from multiple “neocloud” providers onto a single platform. The company said the platform includes a unified onboarding process, a secondary transfer market, and on-demand subleasing.
Ornn said operators can use a single offtake contract to access demand from multiple tenants, while buyers can view the site, hardware configuration, and terms for reserved clusters.
Ornn Raises $33 Million Seed Round Led by a16z Crypto to Build Compute Pricing and Capacity Platform
2026-06-24 14:44:45
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