Runpod Inc. raised 1B. Total funding $122M including May 2024 seed co-led by Intel Capital and Dell Technologies Capital.
Newark, NJ-based AI developer cloud for experiment, train, fine-tune, inference, and multi-node runs. 1M+ developers. Serverless processed 20B+ inference requests. Median time to first workload under one hour.
Differentiates from inference-only competitors (Modal, Lambda) with full-lifecycle platform. Summit MD Michael Medici joins board.