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- Runpod
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
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
Website
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2026 | Series A | $1B | 4.2x |
| Mar 2023 | Pre-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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2026 | $240M | $1B | 4.2x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Series A | Summit Partners (lead) | $100M | $1B | Runpod, 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 2024 | Seed | Dell 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 2023 | Pre-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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | May 2024 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | May 2024 | ||
| 1 | Participant | May 2024 | ||
| 1 | Lead | Jun 2026 | ||
| 1 | Participant | May 2024 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialRunpod Competitors
Runpod competitors include listed companies like Rackspace and cyber_Folks, and private ones like CAST AI, Defense Unicorns, io.net and JupiterOne.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | $13M | - | $1B | 76.9x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $2.7B | $244M | $997M | 1.6x | ||
| Publicly listed | $226M | $72M | $996M | 4.3x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $226M | $72M | 5.1x | 4.3x | 16.1x | 13.0x | |||
| $607M | $107M | 1.4x | 1.4x | 7.9x | - | |||
| $227M | $54M | 4.8x | 4.1x | 19.9x | 14.1x | |||
| $119M | ($29M) | 7.4x | - | (30.1x) | - | |||
| $389M | ($17M) | 2.5x | - | (55.5x) | - | |||
| $193M | $51M | 6.0x | 6.0x | 22.7x | 14.3x | |||
| $146M | $4M | 6.1x | 5.4x | 225.6x | 20.4x | |||
This data is available for Pro users. Sign up to see all Runpod competitors and their valuation data. Start Free Trial | ||||||||
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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