Company Snapshot
RunPod is a AI infra company, based in San Francisco, California, USA, founded 2022 by Zhen Lu, Pardeep Singh.
Recent changes
- Jun 24, 2026Jun 24, 2026Raised $100M Growth at a $1B valuation PRNewswire
- Jun 24, 2026Jun 24, 2026New investor: Summit Partners PRNewswire
- Jun 24, 2026Jun 24, 2026RunPod Raises $100M Led by Summit Partners at $1B Valuation, Rejects $500M Buyout Offers Pulse story
Funding History
1 event · sources dated per row| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jun 24, 2026 | Growth | $100M | $1B | Summit PartnersLead | Pulse story |
Investors
Latest Pulse
- Jul 5, 2026Vertical AI Series A Rounds Are Quietly Getting BiggerA cluster of recent Series A and C rounds -- General Intuition's $320M, RunPod's $100M and Assort Health's $120M among them -- shows vertical AI applications commanding round sizes once reserved for infrastructure megadeals.→
- Jun 26, 2026QumulusAI Amends S-1 Again as GPU-Cloud Provider for Underserved Mid-Market AI Teams Nears Nasdaq DebutQumulusAI filed its latest S-1/A amendment with the SEC on June 26, continuing a string of amendments dating back to February as it works toward a Nasdaq listing. The company delivers rapid-deployment, GPU-powered cloud infrastructure targeted at small and mid-market AI teams — machine learning groups, AI infrastructure startups and research institutions — that large hyperscalers often underserve or price out.→
- Jun 24, 2026RunPod Raises $100M Led by Summit Partners at $1B Valuation, Rejects $500M Buyout OffersRunPod, the AI developer cloud used by more than 1 million developers to build, train and deploy AI workloads, closed a $100 million growth investment led by Summit Partners on June 24 at a $1 billion valuation. The company disclosed $240 million in annual recurring revenue and confirmed it turned down acquisition offers exceeding $500 million to remain independent.→
Coverage Timeline
newest firstAll Coverage
FUNDING$650M+ combined across 4 vertical rounds
Vertical AI Series A Rounds Are Quietly Getting Bigger
A cluster of recent Series A and C rounds -- General Intuition's $320M, RunPod's $100M and Assort Health's $120M among them -- shows vertical AI applications commanding round sizes once reserved for infrastructure megadeals.
RunPod Raises $100M Led by Summit Partners at $1B Valuation, Rejects $500M Buyout Offers
FUNDING$100M
RunPod Raises $100M Led by Summit Partners at $1B Valuation, Rejects $500M Buyout Offers
RunPod, the AI developer cloud used by more than 1 million developers to build, train and deploy AI workloads, closed a $100 million growth investment led by Summit Partners on June 24 at a $1 billion valuation. The company disclosed $240 million in annual recurring revenue and confirmed it turned down acquisition offers exceeding $500 million to remain independent.
Value Add Research
Related Companies
Shared investors
RunPod FAQ
Who are RunPod's investors?
RunPod's investors include Summit Partners, Dell Technologies Capital, Intel Capital (As of 2026-07-31T14:35:19Z).
Sources & methodologyshow
Where these figures come from
- PRNewswireprimary source1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.