What Ornn does

Ornn is a New York-based financial infrastructure company founded in 2025 by two MIT graduates, Kush Bavaria (CEO and co-founder) and Jack Minor (COO), to build the price discovery and risk management layer for GPU compute capacity. The company operates a compute marketplace that aggregates physical GPU capacity from multiple neocloud providers and offers standardized derivatives contracts for hedging against compute price volatility. Its core offerings include Ornn Compute (a physical capacity aggregation layer providing unified access, secondary transfer markets, and on-demand subleasing across neoclouds), Ornn Data (market intelligence and reference pricing for the compute economy), and the flagship OCPI (Ornn Compute Price Index), the first compute index built solely from printed transactions rather than scraped offers, surveys, or estimates. OCPI tracks live-traded spot prices for H100, H200, B200, B300, and RTX 5090 GPUs and serves as the reference rate for cleared GPU compute derivatives.

The platform is distributed through partnerships with major financial infrastructure providers: Intercontinental Exchange (ICE), operator of the New York Stock Exchange, plans to list U.S. dollar-denominated cash-settled GPU compute futures based on OCPI pending regulatory approval; Architect Financial Technologies provides exchange-traded perpetual futures tracking GPU and DRAM rental prices on its AX exchange; and OCPI is listed on the Bloomberg Terminal. Ornn has also established anchor supply-side relationships, with HydraHost serving as the largest data contributor to OCPI through GPU brokering activity.

The business model combines multiple revenue streams including transaction fees and trading commissions from the compute futures exchange, data licensing of OCPI benchmarks to exchanges and institutional clients, and marketplace commissions from physical capacity access through the self-serve compute.ornn.com platform. Go-to-market is hybrid: API-first infrastructure delivery combined with consultative enterprise sales targeting AI labs, neocloud providers, data centers, lenders, and large enterprises. Ornn has raised approximately $38.7 million across two seed rounds, with the $33 million June 2026 round led by Andreessen Horowitz marking a16z's first investment in a compute marketplace. Additional investors include Galaxy Ventures, Nordstar, SV Angel, Vine Ventures, Crucible Capital, Link Ventures, and Box Group. The platform remains in pre-launch/early commercial stage as of mid-2026.

Name

Ornn

Legal name

Ornn AI, Inc.

Website

https://ornn.trade

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Ornn is a New York-based financial infrastructure company building price discovery and risk management infrastructure for GPU compute. Its OCPI transaction-based index, Ornn Compute marketplace, and futures partnerships with ICE and Architect Financial Technologies serve AI labs, neocloud providers, and capital providers.

Ownership category

akta.pro rank

Product category

Compute Marketplace Infrastructure

NAICS

Securities and Commodity Exchanges (5232), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Algorithmic Trading & Execution Platforms (FSAFANAN)

akta.pro secondary industries

Multi-Asset Smart Order Routing (SOR) & Aggregation Venues (FSAFAEAH), Real-Time Market Data Feeds & Terminals (FSAFAIAA)

Keywords

• Compute marketplace
• GPU price index
• Compute derivatives
• Capacity aggregation
• Price discovery infrastructure

Headquarters

HQ city

New City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Compute Trading/Futures Fees: Transaction fees and trading commissions from the compute futures exchange enabling standardized GPU capacity trading and derivatives contracts.
2. Index Data Licensing: Licensing revenue from providing OCPI benchmark data to institutional clients, exchanges, and financial institutions for settlement and derivatives pricing.
3. Compute Capacity Access: Platform fees for accessing aggregated GPU capacity across multiple neoclouds with unified access, secondary markets, and on-demand subleasing.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Ornn builds financial infrastructure and price discovery infrastructure for the AI compute market. The company operates a compute marketplace that aggregates GPU capacity from multiple neoclouds, publishes the OCPI (Ornn Compute Price Index) built solely from printed transactions across GPU hardware types including H100, H200, B200, B300, and RTX 5090, and supports futures/derivatives contracts for hedging compute price volatility. Its offerings include Ornn Compute (capacity access), Ornn Data (market intelligence and indices), and OCPI (transaction-based price benchmark).

Product overview

Ornn is a compute marketplace infrastructure company that operates as a platform-plus-modules architecture. The core offerings include Ornn Compute (a physical capacity aggregation layer for GPU compute access) and Ornn Data (reference pricing and market intelligence). The flagship product is OCPI (Ornn Compute Price Index), a transaction-based price benchmark that tracks live GPU rental prices across hardware types including H100, H200, B200, and RTX 5090. These products enable buyers, sellers, and capital providers to price, finance, and hedge compute capacity with confidence. The platform also supports capacity finance infrastructure for GPU underwriting and scaling.

Differentiator

Problem solved

Functional benefit

Brands

• Ornn Compute: Physical capacity layer that aggregates dedicated GPU capacity from multiple neoclouds onto a single platform, providing unified access, secondary markets, and on-demand subleasing capabilities.
• Ornn Data
• Ornn Data LLC

Products and services

• Ornn Compute A physical capacity layer that aggregates dedicated GPU capacity from multiple neoclouds onto a single platform with unified access, secondary transfer markets, and on-demand subleasing capabilities. Provides compute capacity for AI training, inference, and infrastructure-scale workloads to AI companies, neoclouds, and enterprises.
• Ornn Data

Quantifiable outcome

• GPU compute hours converted into standardized, tradable financial instruments
• +1 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core and flagship.

• Intercontinental Exchange (ICE)coreStrategic or Co-development Partner · 19 May 2026ICE and Ornn announced plans to launch GPU compute futures contracts based on Ornn's Compute Price Index (OCPI). The futures will be U.S. dollar denominated and cash-settled, tracking live-traded spot prices for GPU hardware including H100, H200, B200, and RTX 5090. Subject to regulatory approval.
• Architect Financial TechnologiesflagshipStrategic or Co-development Partner · 21 January 2026Architect Financial Technologies partnered with Ornn Data LLC to launch the financial industry's first exchange-traded futures contracts tracking GPU and DRAM rental prices on its AX perpetual futures exchange. Contracts leverage live transaction data to provide institutional investors with standardized derivatives for hedging compute volatility.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• CoreWeave: CoreWeave is the largest pure-play neocloud providing GPU compute at scale to AI labs and enterprises. Comparable as a major supplier of GPU capacity that Ornn aggregates on its marketplace, and a potential competitor if it builds its own financial infrastructure layer.
• Together AI: Together AI operates an AI cloud platform with GPU capacity for training, inference, and open-source model hosting. Comparable as a neocloud whose capacity could be aggregated on Ornn Compute, and as a competitor for the same AI lab customer base.
• Lambda Labs: Lambda provides GPU cloud infrastructure and clusters for AI training and inference. Comparable as a neocloud provider whose capacity could flow through Ornn's aggregation layer, and as a potential alternative marketplace operator if it expands.
• CME Group: CME Group is the largest derivatives exchange operator in the US, with deep relationships across institutional hedgers and proven index product development. Comparable as a potential competitor that could build or license a competing compute index and list GPU futures directly.

Direct peers

• Architect Financial Technologies: Architect operates the AX Perpetual Futures Exchange and partnered with Ornn Data to launch the first exchange-traded futures contracts on GPU and DRAM rental prices. Most direct peer on the compute derivatives side — both firms are jointly building the institutional compute futures market.
• Vast.ai: Vast.ai operates a GPU compute marketplace connecting providers and consumers of GPU capacity, with spot pricing visible to users. Directly comparable to Ornn Compute's marketplace layer, though Vast.ai focuses on decentralized consumer-style rentals rather than enterprise derivatives.
• Akash Network: Akash operates a decentralized cloud computing marketplace with a reverse-auction pricing model for compute capacity. Comparable to Ornn Compute as a GPU marketplace with transparent spot pricing, though focused on a more crypto-native customer base.
• RunPod: RunPod provides on-demand GPU cloud infrastructure with marketplace-style access and pricing transparency for AI workloads. Comparable to Ornn Compute on the physical capacity aggregation side, though without the financial-infrastructure layer.
• io.net: io.net aggregates distributed GPU compute capacity from independent operators into a unified network for AI training and inference. Directly comparable as a GPU compute aggregation marketplace with similar target customers (AI labs, enterprises needing flexible GPU access).

Others

• Galaxy Digital: Galaxy is a diversified crypto financial services firm that participated in Ornn's $33M seed round. Comparable as a financial partner and infrastructure investor in the AI-compute-financialization space, though not a direct product competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/OrnnExchange
• LinkedInlinkedin.com/company/ornn

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ornn