Silicon Data, a data infrastructure company focused on the GPU market, said it has completed the first close of a $30.5 million Series A round led by Valor Atreides AI Fund. The round also included CME Ventures, DRW, Samsung Next, VanEck, Jump Trading and Wintermute, according to Odaily. The company said the new capital will be used to build out GPU benchmark pricing, performance measurement, institutional and alternative data, as well as risk infrastructure for derivatives, insurance and credit markets. Silicon Data currently collects information from about 100 GPU rental platforms across more than 40 countries and processes over 150,000 verified price records each day. The company also disclosed that CME Group plans to use its benchmark as the reference price for proposed cash-settled GPU futures, pending regulatory approval.
Silicon Data, a data infrastructure company serving the GPU market, said it has completed the first close of a $30.5 million Series A financing round led by Valor Atreides AI Fund.
Other participants in the round included CME Ventures, DRW, Samsung Next, VanEck, Jump Trading and Wintermute, according to Odaily.
The company said the proceeds will be used for GPU benchmark pricing, performance measurement, institutional and alternative data, and risk infrastructure for derivatives, insurance and credit markets.
Silicon Data currently collects data from about 100 GPU rental platforms across more than 40 countries and processes more than 150,000 verified price records per day.
It also said CME Group plans to use Silicon Data benchmarks as the reference price for proposed cash-settled GPU futures, subject to regulatory approval.
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