#runpod Tech News.
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Runpod raised $100M at a $1bn valuation, a tenfold increase from its $100M valuation in a 2024 seed round. The cloud startup rents AI computing power and turned down buyout offers over $500M. Summit Partners led the round, with J.P. Morgan as sole placement agent.
RunPod, which rents access to non-Nvidia servers, raised $100M led by Summit Partners at a $1B valuation. The round follows a seed round in 2024 that valued the company at $100M.
Cloud startup Runpod raised $100 million in funding. The company stated it turned down buyout offers during the fundraising process. The round positions Runpod for continued independent growth in the cloud computing market.
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