Fundraising Fox

Andromeda

Unicorn Β· $1.5B

9 known investors

andromeda.ai β†—

Andromeda operates a marketplace connecting AI teams with GPU compute providers, enabling buyers to source distributed compute capacity at scale and sellers to monetize spare infrastructure through a standardized platform with automated benchmarking and unified contracting.

Also known as Andromeda (andromeda.ai) Β· Andromeda AI Inc. Β· Andromeda Cluster

AI & Machine LearningCloud ComputingData & Infrastructure

Investors Β· 9

Also in the syndicate Β· 2

Main SequenceTrampoline

Funding

SEC filings, press & company announcements

Source: company announcements and press reports β€” follow each round's link for the claim.

Valuation Β· disclosed

Disclosed events
$1.5Bvaluation at Series A equivalentMar 2026
filing β†—

Source: SEC prospectus filings, and round valuations the company or its investors disclosed β€” follow each entry's link for the claim.

Company profile

researched Aug 2026

Andromeda AI Inc. operates a marketplace and brokerage for GPU compute, matching AI teams that need training and inference capacity with data centers, telecom and internet providers, cryptocurrency miners and cloud operators that hold unused GPUs. Buyers define a workload (GPU type, quantity, region, timeline); the platform sources, benchmarks and prices capacity across more than 100 providers in real time, then delivers it under standardized SLAs and contracts with a single invoice, one support channel and observability tooling. Suppliers onboard their infrastructure, pass an automated certification engine that validates performance against enterprise-grade benchmarks, and receive routed demand executed on standardized terms. [0][1][6]

The company positions itself as market infrastructure rather than a compute provider, describing an aspiration to build a liquidity layer for global AI compute and to enable commodity-style trading of GPU capacity analogous to oil or wheat futures. Before listing a provider, Andromeda verifies that GPUs and supporting equipment such as storage arrays meet performance and security requirements, and its engineers monitor infrastructure for reliability issues during training runs. It also publishes the Andromeda Pricing Index, which reports current going rates for different GPU types including region-specific variation, which customers can use in price negotiations. [5][6][7]

Andromeda began as the Andromeda Cluster, a managed GPU cluster set up by investors Nat Friedman and Daniel Gross to give early-stage startups access to scaled AI infrastructure, and has since spun out as an independent startup. It works with AI labs, data centers and cloud providers, routing training and inference jobs across global supply. [5][7]

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annualized revenue run rateJan 2025$100M
Compute providers on platformMar 2026100 providers
HeadcountMar 202620 employees
Headcount (Built In profile)Jan 202617 employees
Open job postingsJan 202613 jobs
Total investment from Paradigm to dateMar 2026$60M
Transactions completedMar 20261,000 transactions
Typical customer annual infrastructure spendMar 2026$250 million to $500 million per year
ValuationMar 2026$1.5B

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 2

by search overlap

Companies competing with Andromeda for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 5

launches, deals, and filings
Mar 2026
Andromeda raises funding from Paradigm at $1.5B valuation

Andromeda announced new funding from crypto-focused VC firm Paradigm, described as the equivalent of a Series A, at a $1.5 billion valuation. The exact size of the round was not disclosed; the deal brings Paradigm's total investment in Andromeda to $60 million. Proceeds are earmarked for growing the customer base.

source β†—

Mar 2026
Andromeda Pricing Index

Andromeda offers a tool called the Andromeda Pricing Index providing data on current going rates for different GPUs, including region-specific price variations.

source β†—

Jan 2026
Opened San Francisco office

Andromeda, based in Miami, recently opened an office in San Francisco as it seeks to widen its customer base.

source β†—

Jan 2024
Spin-out from NFDG as an independent startup

Andromeda was spun out as its own startup with backing from NFDG and Paradigm after Nat Friedman and Daniel Gross joined Meta and stepped back from NFDG.

source β†—

Nov 2023
Wil Moushey recruited to run the Andromeda Cluster

On the Friday before Thanksgiving 2023, Daniel Gross called entrepreneur Wil Moushey and offered him the job of running the Andromeda Cluster project, then a four-person remote team; Moushey accepted.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Andromeda do?
Andromeda runs a marketplace that sources, benchmarks and resells GPU compute from 100+ providers to AI teams.
Who are Andromeda's investors?
Andromeda's investors include Paradigm, Artesian, Forerunner Ventures, NFDG, Purpose Ventures, Rethink Impact, Startmate.