The computing power market infrastructure company Ornn has completed a $33 million seed round financing, led by a16z Crypto

According to official news, the computing power market infrastructure company Ornn announced the completion of a $33 million seed round financing, led by a16z Crypto, with participation from Galaxy Ventures, Nordstar, and SV Angel, while Vine Ventures, Crucible Capital, Link Ventures, and Box Group continue to support.

Ornn stated that a mature commodity market first requires reliable pricing data, which leads to price discovery, and price discovery then supports risk transfer, which in turn enables more efficient capacity allocation. The OCPI it launched is a transaction-based computing power index aimed at providing a unified and trustworthy price benchmark for settlement in the computing power market. Partners like ICE can promote risk transfer by directly referencing OCPI's futures and options contracts.

Additionally, Ornn announced the launch of Ornn Compute, a physical capacity layer for the computing power market that can aggregate dedicated GPU capacity from multiple neoclouds onto a single platform, providing a unified access process, a secondary transfer market, and on-demand subleasing capabilities. Operators can obtain diversified demand from multiple tenants through a single underwriting contract, while buyers can view the sites, hardware configurations, and terms of the reserved clusters. This platform will make dedicated GPU capacity a liquid asset and allow previously idle capacity to be utilized.

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