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AI computing power startup General Compute has completed a $100 million Series A funding round, with a post-money valuation of $800 million.

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General Compute has closed a $100 million Series A funding round, led by Blackbird Ventures and Abstract Ventures. Following its seed round in May this year, the company was valued at $60 million; its post-money valuation has now climbed to $800 million. The firm specializes in building cloud computing operations using specialized inference chips manufactured by Nvidia’s rivals, and has entered into a new $400 million chip purchase agreement with SambaNova. This transaction also marks the first debt financing deal focused on inference chips. (TechCrunch)

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