Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Exclusive: RunPod secures $20M from Dell and Intel as demand soars for AI clouds

May 08, 2024 - venturebeat.com
RunPod, a startup offering a GPU cloud platform for developing and deploying AI, has raised $20 million in seed funding from Dell Technologies Capital and Intel Capital. The platform has attracted over 100,000 developers due to its focus on iteration speed and ease of use. RunPod's growth points to a larger industry trend of specialized cloud services built specifically for AI, as AI becomes more central to business operations. The company plans to use the new funding to scale up hiring, meet enterprise demand, and add features such as support for CPUs in addition to GPUs.

RunPod's CEO, Zhen Lu, emphasizes the importance of a good developer experience and rapid iteration in unlocking business value from AI. The company has built its own orchestration layer from the ground up, eschewing Kubernetes, which it found too slow for AI workloads. RunPod aims to give enterprises the infrastructure they need to build and deploy AI their way, without sacrificing speed or ease of use. Despite the competitive pressures in the specialized AI cloud space, RunPod's future looks promising with its developer-centric approach and focus on helping customers move beyond the limitations of one-size-fits-all AI infrastructure.

Key takeaways:

  • RunPod, a startup offering a globally distributed GPU cloud platform for developing and deploying AI, has raised $20 million in seed funding from Dell Technologies Capital and Intel Capital.
  • RunPod has grown its user base to over 100,000 developers by focusing on developer experience and iteration speed, and is now making inroads into the enterprise.
  • RunPod has built its own orchestration layer from the ground up, eschewing Kubernetes due to its limitations for AI workloads.
  • With the new funding, RunPod plans to scale up hiring, add features such as support for CPUs in addition to GPUs, and continue focusing on helping customers move beyond the limitations of one-size-fits-all AI infrastructure.
View Full Article

Comments (0)

Be the first to comment!