# RunPod

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/runpod

- Industry: Software
- Headquarters: Moorestown, US
- Website: www.runpod.io
- Total disclosed funding: $119M
- Latest round: Series A (Jun 24, 2026)
- Investors on record: 3

## About

Based in New Jersey, US, and founded in 2022 by CEO Zhen Lu, RunPod Inc. operates as a provider of an artificial intelligence and machine learning platform for model development, training, and scaling. In June 2026, RunPod Inc raised USD 100 million in venture funding led by Summit Partners. The venture funding values the company at USD 1 billion post-money.

The company provides a GPU online platform that offers AI model development, training, and scaling to startups, academia, and enterprises. The platform services include a globally distributed GPU cloud, artificial intelligence model deployment, hot reloading for local changes, and various preconfigured environments like PyTorch and Tensorflow. Additionally, the firm also provides services such as autoscaling, real-time usage analytics, execution time analytics, real-time logs, and lightning-fast cold starts.

The company generates revenue through subscription packages for its cloud computing platform. Packages include access to GPUs. Pricing varies based on GPU type, starting from USD 0.21 per hour for the RTX A4000 Ada and ranging up to USD 4.69 per hour for the H100 SXM. Additionally, RunPod provides storage services at USD 0.10 per GB per month for running pods and USD 0.20 per GB per month for idle volume, with network storage at USD 0.07 per GB per month.

## Funding rounds

- Series A, Jun 24, 2026, $100M — Summit Partners
- Seed, Nov 20, 2023, $19M — Intel Capital, Dell Technologies Capital

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Seed
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Seed
- Summit Partners (https://capitalatlas.ai/funds/summit-partners) — Series A