New wave · Worldwide

New AI compute and inference startups, founded 2020 on

The new wave: 117 AI compute and inference startups founded in 2020 or later that have raised money in rounds we track, $17B between them, placed in 6 segments.

117startups on the map
6segments
$17Braised between them
GPU cloudsmost funded segment

GPU clouds

42

+18 more

Data centres and power

27

+3 more

AI chips

21

Inference platforms

19

Training and fine-tuning

4

Retrieval and vector search

4

Segment by segment

GPU clouds

42 startups · $5.8B raised

  1. Sharon AISharon AI offers infrastructure for traditional AI and GenAI inference and training workloads, alongside on-demand cloud storage solutions.Australia$2.5B
  2. Bitdeer Technologies GroupBitdeer is a provider of digital asset mining services for blockchain and high-performance computing.Singapore$725M
  3. TensorWaveTensorWave is an AMD-exclusive AI and HPC cloud platform founded in 2023 and based in Las Vegas, Nevada.United States$450M
  4. Modal LabsModal develops machine learning software to help run code in the cloud.United States$442M
  5. GMI CloudGMI Cloud creatE the foundation for the AI-driven future, ensuring the technology of tomorrow can propel our world forward.United States$372M
  6. Infinigence AIInfinigence AI is an enterprise AI cloud platform that focuses on the full lifecycle of machine learning and generative AI workloads.China$344M
  7. ScaleOpsScaleOps is an autonomous cloud and AI infrastructure company founded in 2022, specializing in real-time Kubernetes resource optimUnited States$188M
  8. Prime IntellectPrime Intellect is a technology company based in Dover, Delaware, focused on building an open superintelligence stack.United States$180M

Data centres and power

27 startups · $3.5B raised

  1. 5C5C is a data center that provides AI digital infrastructure, HPC systems, and scalable compute solutions for enterprises.Canada$835M
  2. Scala Data CentersScala Data Centers is a scaled hyper-scale data center operator located in Brazil.Brazil$804M
  3. LumilensLumilens addresses the red hot market for AI data center infrastructure by designing, manufacturing and selling photonic interconnUnited States$709M
  4. Cowboy Space CorporationCowboy Space Corporation is a space infrastructure company dedicated to building orbital data centers for artificial intelligence.United States$275M
  5. Emerald AIEmerald AI is an energy technology company based in Washington, D.C., founded in 2024 by Varun Sivaram.United States$173M
  6. AmperesandAmperesand is a Singapore-based deep-tech company founded in 2023, specializing in the design and manufacture of Medium Voltage SoSingapore$110M
  7. Hydra HostHydra Host is a Miami-based technology company founded in 2021.United States$100M
  8. DG MatrixDG Matrix is a cleantech company based in Raleigh, North Carolina, founded in 2022.United States$80M

AI chips

21 startups · $5.0B raised

  1. EtchedEtched is a technology company that has developed Sohu, the world’s first specialized chip (ASIC) designed specifically for transfUnited States$1.0B
  2. FractileFractile is a UK-based technology company and semiconductor startup founded in 2022 by Dr.United Kingdom$960M
  3. Positron AIPositron AI is a semiconductor and AI infrastructure company based in Reno, Nevada, founded in 2023.United States$875M
  4. RebellionsRebellions is a South Korean fabless semiconductor company founded in September 2020.South Korea$650M
  5. OLIXOLIX is an AI company focused on developing advanced hardware solutions for AI inference workloads.United Kingdom$532M
  6. Axelera AIAxelera AI is a European AI semiconductor company based in Eindhoven, Netherlands.Netherlands$250M
  7. Celestial AICelestial AI is a semiconductor and AI infrastructure company specializing in optical interconnect technology for data centers andUnited States$250M
  8. EriduEridu is a hardware startup based in Silicon Valley, founded in 2023.United States$200M

Inference platforms

19 startups · $2.2B raised

  1. Fireworks AIFireworks AI is a generative AI infrastructure platform that specializes in delivering fast inference and full-parameter training United States$1.7B
  2. InferactInferact is an AI infrastructure startup founded by the creators of vLLM, a leading open-source LLM inference engine.United States$150M
  3. ChalkChalk is a data platform designed for AI inference, enabling organizations to deploy, manage, and scale real-time machine learningUnited States$51M
  4. Sygaldry TechnologiesSygaldry Technologies is a quantum-AI infrastructure startup based in Mountain View, California.United States$33M
  5. CentMLCentML accelerates Machine Learning workloads by maximizing training and inference efficiency leading to compute cost reduction.Canada$27M
  6. Tigris DataTigris Data is a software company founded in 2021 by the former Uber storage team.United States$25M
  7. FriendliAIFriendliAI is a generative AI infrastructure company based in Redwood City, California, with roots in Seoul, South Korea.United States$20M
  8. Featherless.aiFeatherless AI is a technology company based in San Francisco, founded in 2023 by Eugene Cheah, Harrison Vanderbyl, and Wesley George.United States$20M

Training and fine-tuning

4 startups · $16M raised

  1. RapidataRapidata is a Zurich-based AI infrastructure company that offers a scalable, on-demand data labeling platform.Switzerland$8.5M
  2. PipeshiftPipeshift is a San Francisco-based AI infrastructure startup that provides a modular orchestration platform for training, deployinUnited States$4.5M
  3. assisterrAssisterr is a London-based AI infrastructure company founded in 2023.United Kingdom$2.8M
  4. Cumulus LabsCumulus Labs develops software for creating, running, and managing virtual labs and hands-on training environments.United States$500K

Retrieval and vector search

4 startups · $138M raised

  1. Parallel Web SystemsParallel Web Systems is an AI infrastructure company focused on enhancing how AI agents interact with the web.United States$100M
  2. Judgment LabsJudgment Labs is an AI infrastructure company specializing in Agent Behavior Monitoring (ABM).United States$32M
  3. MixedbreadMixedbread is an AI infrastructure company based in Berlin, Germany, founded in 2023.Germany$5.5M
  4. OramaOrama is a San Francisco-based AI research lab and software company that specializes in search and AI infrastructure.United States$500K

How this map is made. Every startup here has raised money in rounds we track, and was founded in 2020 or later. It joins the map when its sectors, read from its rounds, or the opening of its own description say it works in AI compute and inference, and goes to the first segment whose words it carries. Each segment shows its best-funded first. Rebuilt nightly; updated 15 November 2026.

More market maps

All maps
Market mapAI compute and inference market map266 startups · 6 segments · $88BInvestors mapWho invests in AI compute and inference199 investors · 6 segmentsRaised in 2026AI compute and inference startups that raised in 2026113 startups · 5 segments · $51BMarket map · United StatesAI compute and inference market map: United States165 startups · 6 segments · $71BMarket map · EuropeAI compute and inference market map: Europe59 startups · 4 segments · $7.9BMarket map · San FranciscoAI compute and inference market map: San Francisco36 startups · 5 segments · $5.3B

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