Silicon Data Raises $30.5 Million Series A to Build the Independent Benchmark Layer for the AI Compute Economy
Funding led by the Valor Atreides AI Fund will expand the pricing and performance benchmarks behind CME Group's planned GPU futures market
Silicon Data, the independent benchmark and verification layer for the compute economy, today announced a $30.5 million initial closing of its Series A, led by the Valor Atreides AI Fund, with additional investment from CME Group, DRW, F-Prime, Samsung, VanEck, Further, Jump, Tectonic and Wintermute. Breed, Hack, Blank VC, Sancus Ventures and SoGal Ventures also participated.
The Series A will fund expansion across four areas: benchmark pricing, performance measurement through SiliconMark, institutional market and alternative data, and risk infrastructure for derivatives, insurance and credit markets.
The raise comes as CME Group prepares to use Silicon Data benchmarks as the reference price for its planned cash-settled GPU futures market (pending regulatory approval),- a regulated instrument that will allow market participants to manage changes in GPU rental prices against a published, daily benchmark.
