Runpod hits $1bn valuation as the AI compute crunch bites

The Next Web
By Cristian DinaJun 24, 2026, 2:27 pm123 pts
Runpod has raised $100M and reached a $1bn valuation, a tenfold jump in under two years. The cloud startup rents out AI computing power, and it says it turned down buyout offers worth more than $500M. The great AI compute crunch is minting a new kind of winner. Runpod, a five-year-old startup that rents…

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