General Compute has secured $100 million in a Series A funding round led by Blackbird Ventures and Abstract Ventures. The company is now valued at $800 million post-money, a significant increase from its $60 million valuation following a seed round in May.
The startup focuses on inference chips from suppliers including SambaNova, Positron, and Cerebras. It recently finalized a $400 million deal to purchase chips from SambaNova, marking the first debt financing for inference hardware.
General Compute utilizes a unique infrastructure strategy by repurposing former bitcoin-mining sites and leasing space in existing data centers. This approach avoids the complexities of constructing new facilities from scratch.
The company has secured a major customer contract worth $100 million in annual recurring revenue. CEO Finn Puklowski plans to deploy 75 megawatts of computing capacity by 2027, with potential access to 200 megawatts of power.
