Runpod, a AI Developer Cloud, announced a $100 million growth investment led by Summit Partners.
The round comes on the heels of strong momentum for Runpod, which is now valued at $1.0 billion.
The company has more than one million developers building on the platform.
The new capital will fund continued investment in the full lifecycle AI development platform those developers depend on to take AI from first experiment to production.
Runpod is the AI developer cloud, offering AI developers a single destination to build. “The market spent the last two years narrowing to inference, but builders need more than that,” said Zhen Lu, CEO of Runpod. “They need one place to take an idea from the first experiment to production traffic, without stitching together multiple tools or waiting on a procurement cycle. That is precisely the cloud we are building. This funding lets us build it faster, to serve the next million developers and more.”
With this funding, Runpod will invest in the platform and developer experience, expand the team across engineering and developer relations, and broaden global access for developers wherever they build.