Runpod Revenue, Valuation, Funding & Investors

Runpod is valued at $1B as of June 2026, a 4.2x multiple on its last reported $240M revenue.

Last Runpod valuation

$1B

Series A · Jun 2026

Last Runpod funding round

$100M

Series A · Jun 2026

Runpod revenue

$240M

Series A · Jun 2026

Key investors in Runpod

  • Intel Capital
  • Dell Technologies Capital
  • Summit Partners
  • Nat Friedman
  • Amjad Masad
  • AI Grant

Runpod Overview

About Runpod

Runpod is a San Francisco-based cloud GPU provider optimized for AI workloads, offering on-demand NVIDIA A100, H100, and RTX GPUs for model training, fine-tuning, and serverless inference. Founded in 2022, its platform deploys pods in seconds across datacenters in the US and Europe, supporting Docker containers and integrations with Hugging Face and ComfyUI. Runpod serves indie developers and enterprises scaling LLMs, with features like auto-scaling and secure endpoints.


Founded

2022

HQ

United StatesMount Laurel, NJ

Website

runpod.io

Status

Privately held

Customer focus

B2B

Revenue model

Usage-based, Subscription

Revenue

$240M (Jun 2026)

Valuation

$1B (Jun 2026)

Runpod Valuation

Runpod is currently valued at $1B, based on its Series A in June 2026.

The $100M round was led by Summit Partners.

Runpod's valuation has grown 10x from $100M at its pre-seed round in March 2023 to $1B in June 2026, across 2 priced rounds.

Runpod valuation by funding round

Revenue multiple
Runpod valuation by funding round
DateStageValuationRevenue Multiple
Jun 2026Series A$1B4.2x
Mar 2023Pre-seed$100M-

Runpod Revenue

Runpod's latest recorded revenue is $240M, as of its Series A in June 2026. At a $1B valuation, that implies a 4.2x revenue multiple.

Runpod revenue by funding round

Runpod revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2026$240M$1B4.2xSeries A

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Runpod Funding History

Runpod has raised a total of $122M across 3 funding rounds.

Runpod's first fundraising round was a $2M pre-seed round in March 2023. The most recent completed round was a $100M Series A in June 2026.

Runpod funding rounds

Runpod funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Series ASummit Partners (lead)$100M$1BRunpod, a five-year-old AI developer cloud startup based in Newark, NJ, raised $100 million in Series A funding led by Summit Partners, a growth equity investor, pushing its valuation to $1 billion. The deal, announced June 24, 2026, marks a tenfold increase in valuation from its $100 million seed round in May 2024, co-led by Intel Capital and Dell Technologies Capital. Total funding now stands at $122 million across multiple rounds. Summit Partners managing director Michael Medici will join Runpod’s board. The company rents AI computing power to developers and rejected buyout offers exceeding $500 million to remain independent. Runpod has crossed one million developers building on its platform. The new capital will fund investment in its full-lifecycle AI development platform, expand engineering and developer relations teams, and broaden global access for developers. J.P. Morgan acted as sole placement agent; Cooley LLP and Kirkland & Ellis LLP served as legal counsel for Runpod and Summit Partners respectively.
May 2024SeedDell Technologies Capital (lead); Intel Capital (lead); Adam Lewis; AI Grant; Julien Chaumond; Nat Friedman; Amjad Masad$20M-Runpod is a globally distributed GPU cloud computing service that enables developers to train, deploy, and scale AI models through its core products: GPU Cloud for on-demand GPU instances and Serverless for autoscaling API endpoints. Founded by Comcast alums Zhen Lu and Pardeep Singh, the company originated from repurposing cryptocurrency mining rigs into AI servers and gained initial traction via Reddit posts seeking beta testers. By May 2024, Runpod had achieved 10-fold year-over-year revenue growth, expanded its team nearly 10x, and served 100,000 developers, positioning it as a leader in developer-centric AI infrastructure. On May 8, 2024, Runpod raised $20 million in seed funding co-led by Dell Technologies Capital and Intel Capital, with participation from investors including Julien Chaumond, Nat Friedman, Adam Lewis, and AI Grant. Mark Rostick from Intel Capital joined the board. The funding aims to enhance developer experiences, form new partnerships and integrations, launch CPU compute instances for a holistic cloud solution, and support rapid customer base expansion amid surging AI/ML workloads. Around the funding round, Runpod reported a $120 million ARR, confirmed by founders, reflecting massive growth from its bootstrapped origins to serving enterprises with multimillion-dollar spends. The platform differentiates by simplifying GPU workloads, allowing developers to focus on applications rather than ML operations, and has grown to 500,000 developers by early 2026 without additional funding since the seed.
Mar 2023Pre-seed-$2M$100M-

Who has invested in Runpod?

8 investors have backed Runpod across its funding rounds, including Intel Capital, Dell Technologies Capital, Summit Partners, Nat Friedman, Amjad Masad and AI Grant.

Lead investors include Summit Partners, Dell Technologies Capital and Intel Capital.


Runpod Investors

Investors in Runpod by funding rounds participated
InvestorHQRoundsRoleFirst check
Adam LewisUnited StatesSanta Barbara, CA1ParticipantMay 2024
AI GrantUnited StatesSan Francisco, CA1ParticipantMay 2024
Julien ChaumondUnited StatesNew York City, NY1ParticipantMay 2024
Nat FriedmanUnited StatesUnited States1ParticipantMay 2024
Summit PartnersUnited StatesBoston, MA1LeadJun 2026
Amjad MasadUnited StatesSan Francisco, CA1ParticipantMay 2024

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Runpod Competitors

Runpod competitors include listed companies like Rackspace and cyber_Folks, and private ones like CAST AI, Defense Unicorns, io.net and JupiterOne.

Public and private companies comparable to Runpod
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CAST AIUnited StatesMiami, FLPrivate--$1B-
Defense UnicornsUnited StatesColorado Springs, COPrivate--$1B-
io.netUnited StatesNew York City, NYPrivate$13M-$1B76.9x
JupiterOneUnited StatesRaleigh, NCPrivate--$1B-
RackspaceUnited StatesUnited StatesPublicly listed$2.7B$244M$997M1.6x
cyber_FolksPolandPolandPublicly listed$226M$72M$996M4.3x

Runpod Public Comps

Runpod is still privately-owned, but its public comps include Rackspace, cyber_Folks, Systena, SAKURA Internet, Net263, Montnets, Wiit, Backblaze, Odine and Beijing Topnew Info.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x
cyber_Folks$226M$72M5.1x4.3x16.1x13.0x
Systena$607M$107M1.4x1.4x7.9x-
SAKURA Internet$227M$54M4.8x4.1x19.9x14.1x
Net263$119M($29M)7.4x-(30.1x)-
Montnets$389M($17M)2.5x-(55.5x)-
Wiit$193M$51M6.0x6.0x22.7x14.3x
Backblaze$146M$4M6.1x5.4x225.6x20.4x

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Common questions about Runpod

When was Runpod founded?Runpod was founded in 2022.
Where is Runpod headquartered?Runpod is headquartered in Mount Laurel, NJ, United States.
Is Runpod publicly listed?No, Runpod is a private, VC-backed company.
What is Runpod's valuation?Runpod was last valued at $1B in its Series A in June 2026.
How much funding has Runpod raised?Runpod has raised $122M across 3 funding rounds.
What was Runpod's last funding round?Runpod's last funding round was a $100M Series A in June 2026, led by Summit Partners.
Who are Runpod's investors?Runpod's investors include Adam Lewis, AI Grant, Julien Chaumond, Nat Friedman, Summit Partners, Amjad Masad, Dell Technologies Capital and Intel Capital.
What is Runpod's revenue?Runpod's latest recorded revenue is $240M (June 2026).
What is Runpod's revenue multiple?Runpod's latest valuation implies a 4.2x revenue multiple ($1B valuation on $240M of revenue).
Which companies are comparable to Runpod?Companies comparable to Runpod include CAST AI, Defense Unicorns, io.net, JupiterOne, Rackspace and cyber_Folks.

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