Runpod raised $100M at a $1B valuation led by Summit Partners after doubling ARR to $240M in five months and rejecting buyout offers above $500M.

By some accounts, the compute crunch of 2026 has become even more dire than the chip crunch of 2023, which saw even venture capital firms becoming quasi-cloud providers…

Runpod has raised $100M at a $1bn valuation, a tenfold jump in two years, and says it turned down buyout offers worth more than $500M.