Andreessen Horowitz-Backed Ornn Raises $33 Million Seed Round for AI Compute Trading Marketplace

According to Axios, Ornn, a startup backed by Andreessen Horowitz, raised a $33 million seed round to build a marketplace aimed at enabling trading and hedging of AI computing power, positioning compute more like a commodity. Goldman Sachs estimates roughly $7.6 trillion will be invested globally in compute, power, and data centers between 2026 and 2031, but said the financial infrastructure to support that spending “has not yet been built.” Axios reported Ornn has integrated with Bloomberg Terminal and other data providers to surface GPU pricing data, and that it is operating under a de minimis exemption while larger firms pursue regulatory approval; pending approval, CME plans compute futures tied to Silicon Data’s benchmark, and Intercontinental Exchange plans GPU compute futures tied to Ornn’s pricing index.