Ornn Raises $33M to Commoditize AI Compute

AI startup Ornn has raised $33 million in seed funding, led by Andreessen Horowitz's crypto fund and Galaxy Ventures, to build a marketplace for GPU computing power. The MIT-founded company aims to bring price transparency and liquidity to a compute market plagued by opaque contracts and unpredictable pricing. Ornn's platform includes a settlement-grade pricing index called OCPI and a marketplace aggregating GPU capacity from public clouds and neoclouds. The New York Stock Exchange operator Intercontinental Exchange has already committed to using OCPI for compute futures contracts, pending regulatory approval.