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๊ฐ€์ž… August 2021
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๐Ÿ’ฐ @Silicon_Data raises $30.5M in the initial closing of its Series A, led by Valor, Atreides AI Fund (@valor @Atreidesmgmt). Investors: @CMEVentures, @DRWTrading, @FPrimeCapital, @SamsungNext, @vaneck_us, @further, @jumptrading, Tectonic Ventures, @wintermute_t. Participation: @breed_vc, @hack_vc, @blank_vc, @SancusVentures, @sogalventures. #SiliconData# is building the independent benchmark layer for the #AI# compute economy - daily GPU pricing, forward curves & performance indices that @CMEGroup plans to use as the reference price for its GPU futures market. ๐Ÿ‘‰ #AI# #Compute# #GPU# #FundingNews# #SeriesA#
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We are happy to announce a $30.5 million initial closing of our Series A, led by Valor Atreides AI Fund (@valor @Atreidesmgmt), with investments from @CMEVentures*, @DRWTrading, @FPrimeCapital, @SamsungNext, @vaneck_us, @further, @jumptrading, Tectonic Ventures, and @wintermute_t, and participation from @breed_vc, @hack_vc, @blank_vc, @SancusVentures, and @sogalventures. The infrastructure underneath the round: daily GPU pricing benchmarks built from roughly 100 rental platforms in more than 40 countries, over 150,000 verified pricing records a day, continuous history since September 2024, alongside the GPU Forward Curve, the Silicon Data Token Index, the RAM Index, and SiliconMark performance benchmarking. Our raise comes as @CMEGroup prepares to use Silicon Data benchmarks as the reference price for its planned cash-settled GPU futures market (pending regulatory approval) - a regulated instrument that will allow market participants to manage changes in GPU rental prices against a published, daily benchmark. The Series A will fund expansion across four areas: benchmark pricing, performance measurement through SiliconMark, institutional market and alternative data, and risk infrastructure for derivatives, insurance and credit markets. * Correction: in a previous post, we had mistakenly listed @CMEGroup as an investor instead of @CMEVentures.
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