Ornn
Summary active Updated Jun 28, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Ornn is building a marketplace for GPU compute designed to function like a commodities exchange, letting AI companies, data center operators, and investors trade and hedge against GPU price swings 12. The company’s core product is the Ornn Compute Price Index (OCPI), a benchmark built from live GPU spot transactions covering H100, H200, B200, and RTX 5090 hardware, which it says is distributed on Bloomberg Terminal 1. In May 2026, the Intercontinental Exchange announced a partnership with Ornn to launch cash-settled, U.S. dollar-denominated GPU compute futures contracts referenced against the OCPI, pending regulatory approval 1. Co-founders Kush Bavaria and Wayne Nelms are MIT graduates 1.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-06-24 | Seed | $33M | Andreessen Horowitz (a16z crypto), Galaxy Ventures | Nordstar, SV Angel, Crucible Capital, Vine Ventures, Link Ventures, Box Group 12 |
Ali Yahya, general partner at a16z crypto, described the round as a16z’s first investment in a marketplace for compute 2.
What Investors Say
No independently sourced investor quotes available at this time.
What Founders Say
“Compute is the scarcest resource on earth and the most misallocated. So we built the physical compute platform everyone’s been asking for.”
— Wayne Nelms, Co-Founder of Ornn, on X 1
“Right now, companies that need compute are shut out, overpaying or locked into opaque contracts they cannot benchmark or exit.”
— Kush Bavaria and Wayne Nelms, Co-Founders of Ornn 1
Sources
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SiliconANGLE, “Ornn raises $33M to help companies buy and sell AI compute as a commodity like oil,” June 24, 2026, accessed June 28, 2026. https://siliconangle.com/2026/06/24/ornn-raises-33m-help-companies-buy-sell-ai-compute-commodity-like-oil/↩↩↩↩↩↩↩
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Bloomberg, “Andreessen Horowitz Backs Compute Marketplace Ornn in Seed Round,” June 24, 2026, accessed June 28, 2026. https://www.bloomberg.com/news/articles/2026-06-24/andreessen-horowitz-backs-compute-marketplace-ornn-in-seed-round↩↩↩