Thunder Compute Raises $13 Million Series A

Thunder Compute announced a $13 million Series A round led by Matrix Partners, with participation from Y Combinator and CEAS Investments. The company builds virtualization technology for GPUs, which co-founder Carl Peterson describes as building "the VMware for GPUs." Citing Cast AI's 2026 report, the company says enterprises average five percent GPU utilization. Over 10,000 users have run workloads on its virtualized GPUs through its self-serve cloud offering.