Compute marketplace Ornn has raised $33 million in a round led by Andreessen Horowitz’s crypto-focused fund, a16z crypto. The round also drew participation from Galaxy Ventures, Nordstar, and SV Angel, alongside existing investors Vine Ventures, Crucible Capital, Link Ventures, and Box Group, founders Kush Bavaria and Wayne Nelms said in a post on X.
Founded in 2025 by MIT graduates, Ornn is building a marketplace for computing power. The company first developed an index that tracks the cost of graphics processing units (GPUs), a key compute resource for artificial intelligence (AI) workloads. The startup is trying to bring more transparency to a market where companies often struggle to access computing capacity at predictable prices.
