What it sells
Pending CFTC regulation to be the first cash and physically settled…
Business model breakdown
Buyer: who owns the budget?
Trading firms, datacenters, neoclouds, cloud providers and AI companies.
Trigger: what makes them buy now?
Compute capacity needs a transferable market with price discovery, and buyers need financing for operator deposits ($250M facility with K8 Capital announced Oct 6, 2026).
Workflow: what inputs become what output?
Verification, clearing, settlement and price discovery for physical compute through an order book, with derivatives (GPU indices) on top; the exchange venue PMEX Markets is pending CFTC designation as DCM/DCO.
Economics: what it saves and how it charges
UnverifiedExchange and clearing venue; likely transaction and clearing fees (not stated); raised a $15M seed round.
Distribution: how it reaches customers
Self-serve account signup for the compute market ("Free plan, no card needed").
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Winter 2025 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.