Q1 2026

The Compute Economy

Mapping the companies building, selling, optimizing, and brokering compute infrastructure — from custom silicon and GPU clouds to orchestration layers and cost optimization tools powering the AI era. The race to supply and efficiently allocate compute has become the defining infrastructure challenge of the decade.

By Priscilla Russo·Updated March 28, 2026

Series A

Architect Labs
C2i Semiconductors$19M
Cognichip$93M

Growth

Avicena Tech$117M
Etched$500M
SCINTIL Photonics$81M

At Scale

AMDN/A
AWS Custom SiliconN/A
Cerebras$2.97B
Google Cloud TPUN/A
Groq$3.35B
MatX
Normal Computing$135M
NVIDIAN/A
Positron
SynopsysN/A
Cadence Design SystemsN/A
Siemens EDAN/A

Early

Ampera$20M
Evergrid.ai
GridCARE$13.5M
Liquid Energy
Mercury Computing
Neuralwatt
PADO AI$6M
Quok
Reliability Engine
Selector
Starcloud$30M
TIROS

Series A

American Terawatt
Candid Intelligence$5.5M
Corintis$53M
Maxwell Labs$12M

Growth

Accelsius$94M
BrainBox AI$103M
Heron Power$183M

At Scale

Applied Digital$2.4B
Cast
Crusoe Energy$4.14B
Digital RealtyN/A
Emerald AI$25M
EquinixN/A
Firmus$327M
Giga Energy
Lancium$1.25B
Modius
QTS RealtyN/A
Tradition Energy
Verdigris$42M

Early

Foundry$80M
HiCap
hosted.ai$24M
Internet BackyardN/A
Ori Industries$299M
RunPod$22M
Vast.aiN/A
Voltage Park$500M

Series A

Hydra Host$103M
Lago
Northflank$31M
Verda$104M

Growth

Orb
Together AI$538M

At Scale

Amazon Web ServicesN/A
Appxite
CoreWeave$46B
Google Cloud PlatformN/A
HostBill
Lambda Labs$3.15B
Metronome
Microsoft AzureN/A
Ubersmith
Zuora

Early

Replicate$58M
Substrate$8M

Series A

CIQ$42M
Clockwork Systems$42M
Gimlet Labs$92M
Lamini$25M
Lemurian Labs$40M

Growth

Moreh$80M

At Scale

Anyscale$259M
Baseten$885M
Clarifai$101M
Fireworks AI$327M
Modal$111M

Early

CloudChipr$1.4M
Compute Desk
Compute Labs
Compute.Exchange
Duckbill$7.75M
Flowstate
FPX World
GPU Financing
io.net$32M
Kubecost$31M
Mavvrik$17M
Ornn$5.7M
AI Compute Futures
Parasail$10M
Plume
Silicon Data
SquareTower
Symres
USD AI
Zymtrace$12M

Series A

Andromeda$60M
nOps$65M
North$5M
SF Compute$55M
Vantage$25M
vCluster$29M

Growth

Finout$85M
OneChronos$84M
Rafay
ScaleOps$210M

At Scale

Apollo Global ManagementN/A
BlackstoneN/A
Bloomberg
Blue Owl CapitalN/A
CAST AI$272M
CloudZero$118M
ICE
Kadenwood
KKRN/A
Massed Compute

At Scale

Anthropic$61B
Google DeepMindN/A
Meta AIN/A
Mistral AI$3.18B
OpenAI$174B
Redpoint Portfolio
Chips & Silicon
Data Centers & Energy
Cloud & Neocloud
Serverless & Inference Platforms
Compute Marketplaces & Brokers
AI Labs & End Users