AI compute startup General Compute completes $100 million Series A funding at a post-money valuation of $800 million.

October 27: General Compute has completed a $100 million Series A funding round, led by Blackbird Ventures and Abstract Ventures. The company was valued at $60 million after its seed round in May this year, and its post-money valuation has now risen to $800 million.

General Compute focuses on building a cloud computing business using specialized inference chips produced by Nvidia competitors, and has reached a new chip procurement agreement worth $400 million with SambaNova. This transaction is also the first debt financing deal for inference chips. (TechCrunch)