RunPod
RunPod is an AI / GPU Cloud company founded in 2022 and based in Mt. Laurel, United States. It has raised $122M in total funding, most recently a Series A in 2026 at a $1B valuation.
Founded in 2022 by Zhen Lu and Pardeep Singh, RunPod is a globally distributed GPU cloud that began with a Reddit post and grew into a developer-first platform for training and deploying AI models. It offers dedicated GPU pods, consumption-based serverless inference, and a peer-to-peer Community Cloud that pools third-party hardware for lower-cost supply, with deployments across dozens of global regions. After a $20M seed in May 2024, it raised a $100M Series A led by Summit Partners in June 2026 at a $1 billion valuation, having reportedly declined $500M-plus buyout offers; the company says annualized revenue reached roughly $240M with more than one million developers on the platform.
Its low-cost, developer-friendly on-demand and serverless GPU model has made it a go-to alternative to hyperscaler compute for indie builders and AI startups.
runpod.io ↗·AI / GPU Cloud·
United States·private 
