RunPod Raises $20M Seed Funding

RunPod, a Mount Laurel, NJ-based company that empowers developers to deploy custom full-stack AI applications, raised $20M in Seed funding.

The round was led by Intel Capital and Dell Technologies Capital with participation from Julien Chaummond, Nat Friedman, and Adam Lewis. In conjunction with the financing, Mark Rostick, Vice President and Senior Managing Director at Intel Capital, will join RunPod’s board of directors.

The company intends to use the funds to expand operations and development efforts.

Led by CEO Zhen Lu, RunPod is a provider of a distributed GPU cloud platform that empowers developers to deploy custom full-stack AI applications – globally, and at scale. With its offerings, GPU Instances and Serverless GPUs, developers can develop, train and scale AI applications in one cloud.

Commenting on the news, Zhen Lu said: “We’ve grown so quickly because RunPod strikes the perfect balance between providing developers with the freedom to launch whatever they want, while still having the necessary infrastructure and tools in place to assist in the customization, development, and deployment of differentiated products.”