AI server intermediary platform Hydra Host raises $100 million, led by Kindred Ventures

Odaily Planet Daily News: Data center software startup and AI server intermediary platform Hydra Host has completed a $100 million funding round, with a post-investment valuation approaching $800 million. This round was led by Kindred Ventures (venture capital firm). Other investors include Nvidia, ARK Invest, Magnetar Capital (an early investor in CoreWeave), and existing shareholders Founders Fund and Flume Ventures.

Founded in 2021, Hydra Host originally served crypto miners but has now pivoted to providing automation software for data center operators, enabling them to rent out idle Nvidia AI server computing power and operate a GPU matching marketplace that connects GPU holders with renters. The company has currently deployed its technology in 50 data centers worldwide, expanding from 30 data centers in February this year. (The Information)