GPU compute power is the new crude oil. At least, that’s the bet Andreessen Horowitz is making with a $33 million seed round into Ornn, a New York-based startup building a marketplace where companies can trade computing capacity the same way traders swap barrels of Brent.
The round, which closed on June 24, was led by a16z’s crypto fund and joined by Galaxy Ventures, Nordstar, SV Angel, Vine Ventures, Crucible Capital, Link Ventures, and BoxGroup. It follows a smaller $5.7 million seed round the company closed in October 2025, just months after its founding.
Building the NYMEX for GPUs
Ornn’s core product is the Ornn Compute Price Index, or OCPI. The index tracks live spot prices for NVIDIA’s H100, H200, and B200 chips, the same hardware powering nearly every major AI model in production today.
That index has been live on Bloomberg Terminal since April 2026. In May 2026, Ornn struck a partnership with the Intercontinental Exchange, the parent company of the New York Stock Exchange, to introduce USD cash-settled GPU compute futures contracts based on the OCPI.
