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

by | May 8, 2024 | Technology

Discover how companies are responsibly integrating AI in production. This invite-only event in SF will explore the intersection of technology and business. Find out how you can attend here.

RunPod’s platform attracts over 100,000 developers with focus on iteration speed and ease of use

As the race to harness AI accelerates in the enterprise, a key challenge remains developing and deploying AI applications into production quickly and at scale. RunPod, a startup offering a globally distributed GPU cloud platform for developing and deploying AI, today announced it has raised $20 million in seed funding from Dell Technologies Capital and Intel Capital to tackle this problem head-on.

The rise of purpose-built AI cloud platforms

RunPod’s traction points to a larger trend in the industry: the rise of specialized cloud services built specifically for AI. As AI becomes more central to business operations, the limitations of general-purpose cloud infrastructure are becoming apparent. Issues like latency, inflexibility in scaling resources, and a lack of AI-specific tools are hindering the development and deployment of AI applications.In response, a new breed of AI cloud platforms has emerged, offering optimized compute resources, enhanced flexibility and scalability, and developer-centric environments. These specialized platforms are designed to handle the unique demands of AI workloads, from the high computational requirements of model training to the need for rapid scaling and efficient resource allocation.RunPod’s $20 million seed round comes amidst a flurry of funding activity in the specialized AI cloud space. As the demand for GPU-accelerated infrastructure soars, several other startups have also attra …

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Discover how companies are responsibly integrating AI in production. This invite-only event in SF will explore the intersection of technology and business. Find out how you can attend here.

RunPod’s platform attracts over 100,000 developers with focus on iteration speed and ease of use

As the race to harness AI accelerates in the enterprise, a key challenge remains developing and deploying AI applications into production quickly and at scale. RunPod, a startup offering a globally distributed GPU cloud platform for developing and deploying AI, today announced it has raised $20 million in seed funding from Dell Technologies Capital and Intel Capital to tackle this problem head-on.

The rise of purpose-built AI cloud platforms

RunPod’s traction points to a larger trend in the industry: the rise of specialized cloud services built specifically for AI. As AI becomes more central to business operations, the limitations of general-purpose cloud infrastructure are becoming apparent. Issues like latency, inflexibility in scaling resources, and a lack of AI-specific tools are hindering the development and deployment of AI applications.In response, a new breed of AI cloud platforms has emerged, offering optimized compute resources, enhanced flexibility and scalability, and developer-centric environments. These specialized platforms are designed to handle the unique demands of AI workloads, from the high computational requirements of model training to the need for rapid scaling and efficient resource allocation.RunPod’s $20 million seed round comes amidst a flurry of funding activity in the specialized AI cloud space. As the demand for GPU-accelerated infrastructure soars, several other startups have also attra …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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