Hydra Host has raised $100m to build the plumbing of the AI boom, and one of its new backers is the company whose chips it is trying to turn into a commodity: Nvidia.
The Series A was led by Kindred Ventures, with Nvidia joining alongside ARK Invest, Comcast Ventures, Magnetar, PEAK6 and others. The Information, which first reported the deal, put the valuation at close to $800m.
Hydra sits in the middle of the market. Data-centre operators use its ‘Brokkr’ software to deploy and rent out GPU capacity, while AI firms tap that capacity for training and inference, across more than 50 sites in the Americas, Asia and Europe.
The crypto-to-AI playbook, again
The pattern is familiar. Hydra was founded in 2021 to serve crypto miners before pivoting to AI, the same arc that produced CoreWeave and Europe’s Nscale.
