General Compute Raises $100M Series A

Inference cloud startup General Compute Inc. raised $100 million in a Series A round led by Blackbird and Abstract Ventures. The funding brings its post-money valuation to $800 million despite industry fears. Co-founder Finn Puklowski stated fears of a chip collapse are massively overstated based on demand. The company plans 75 megawatts of capacity for next year.