Jaden Schaefer

And for about two years, RunPod ran without any outside funding.

So they just kept bootstrapping it.

So that also meant that there was no free tier and they had to basically at least pay for themselves.

So unlike a lot of other GPU clouds that kind of evolved out of crypto mining, they avoided taking on any debt, which helped them.

And by 2024, all of that paid off.

There was obviously this huge AI developing surge and RedPod had about 100,000 developers and close to about $20 million in a seed round, which was co-led by Dell Technology Capitals and Intel Capital.

And then they had some participation from Nat Friedman and Chumond.

And they have not raised since then, since back in May in 2024, almost two years ago.

But they said that they're preparing for a Series A and their company has grown a lot.

Apparently, they have about 500,000 developers.

They got a lot of individual builders, Fortune 500 companies that spend millions annually with them.

And their cloud is in about 31 different regions.

And they have some big customers like Replit and Cursor and OpenAI and Perplexity, Wix and Zillow.

So a lot of huge players are using them.

What I will say about this whole industry, though, is that the competition is very intense.

There's like hyperscalers, AWS, Microsoft, Google, who are specializing in a lot of these GPU provider types things.

There's obviously CoreWeave and Core Scientific.

I think with all of that, I'll be interested to see if RunPod is going to continue to

grow and thrive.

According to them, they see software development evolving and not disappearing.