Ornn
Category: AI Infrastructure
Ornn builds the financial infrastructure for the AI compute economy, operating a compute derivatives exchange with benchmark price indices for GPU compute and AI inference tokens. Ornn was founded in 2025. The company is led by Kush Bavaria. Based in New City, New York, United States. Team size: 1-10. Total funding raised: $39.4M. Latest round: Series A. Key investors include Crucible Ventures / Crucible Capital, Vine Ventures, Link Ventures, BoxGroup, Nordstar Partners, Fortified Ventures.
- Founded
- 2025
- Headquarters
- New City, New York, United States
- Team size
- 1-10
- Total funding
- $39.4M
Value proposition
Turns GPU compute into a transparent, tradable, and hedgeable commodity by providing the first institutional-grade benchmark indices and derivatives market for AI compute, enabling price discovery, risk management, and financialization of the compute economy.
Products and solutions
Ornn Compute Price Index (OCPI) — transaction-based GPU pricing benchmark tracking H100, H200, B200, B300 across spot markets, Ornn Token Price Indices (OTPI) — benchmarks for realized inference token costs from Anthropic and OpenAI, Compute swaps and cash-settled futures for GPU capacity, Compute Access (GPU capacity procurement), Market Intelligence (pricing, volatility, supply/demand data)
Unique value
The only company building a full-stack financial market for compute — from transaction-based benchmark indices (OCPI, OTPI) distributed on Bloomberg Terminal, to cash-settled futures and swaps — transforming AI's core input into a liquid, transparent commodity class akin to oil or natural gas.
Target customer
Data center operators, neocloud providers, AI labs, enterprises managing large-scale GPU compute, institutional investors, and financiers of AI infrastructure
Industries served
AI Infrastructure, Financial Markets / Commodities, Cloud Computing, Data Centers
Technology advantage
Proprietary transaction-based methodology for compute pricing that is anti-manipulative, transparent, and verifiable; first-mover in building regulated compute derivatives market; strategic partnerships with ICE and Bloomberg for institutional distribution; CFTC-compliant infrastructure.
How they differentiate
Ornn's indices are built on real transaction data (not scraped offers or surveys); is partnering with Intercontinental Exchange (ICE) to launch regulated GPU compute futures; indices are listed on Bloomberg Terminal; operates under CFTC regulatory framework; team is built from MIT alumni with backgrounds in quantitative trading, derivatives markets, and ML research.
Main competitors
SF Compute (GPU compute spot marketplace), Compute Exchange (GPU spot marketplace), CME Group (announced competing compute futures in May 2026), Silicon Data (compute pricing data)
Key partnerships
Intercontinental Exchange (ICE) — launching GPU compute futures contracts based on OCPI, Bloomberg Terminal — OCPI listed for institutional access, Hydra Host — infrastructure data partnership for compute price indices, Kalshi — compute price prediction markets based on Ornn data
Notable customers
400+ data center operators, investors, and AI companies access the Ornn platform (as of April 2026), Bloomberg Terminal subscribers, institutional counterparties trading compute swaps
Major milestones
Oct 2025: Raised $5.7M seed round, Dec 2025: First compute swap structured between two counterparties, Apr 2026: OCPI added to Bloomberg Terminal, May 2026: Raised $33.7M in Series A (SEC filing, total $39.4M), May 2026: Announced GPU compute futures partnership with Intercontinental Exchange (ICE), Jun 2026: Launched Ornn Token Price Indices (OTPI) benchmarking Anthropic and OpenAI inference token costs
Growth metrics
400+ platform users (data center operators, investors, AI companies); OCPI available on Bloomberg Terminal; multiple compute swaps executed; partnership with ICE for regulated futures contracts
Market positioning
First-mover building the institutional financial layer for the AI compute economy. Positioned as the "CME for compute" — the reference market for pricing, hedging, and trading GPU compute as a commodity. Competes with traditional exchanges (CME) entering the space, and differentiates through proprietary transaction-based index methodology and existing partnership with ICE.
Geographic focus
Global — headquartered in New York, US; indices used by global institutional investors, data center operators, and AI companies
About Kush Bavaria
Ex-Boston Consulting Group (BCG) Associate; former investor at Link Ventures; machine-learning researcher at MIT CSAIL
Official website: https://ornn.com/