AI cloud startup Runpod reached $120 million in annual recurring revenue, TechCrunch reported on January 16, and the company started with a Reddit post. Runpod rents GPU capacity to developers and companies running AI workloads.
The story shows how inexpensive, flexible compute from smaller providers can build large businesses alongside the hyperscalers and well-funded neoclouds, particularly for startups that cannot commit to long contracts.
Source: TechCrunch