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Project Overview
Wintermute is a crypto market maker focused on high-frequency algorithmic trading and market making services. It provides liquidity algorithmically across most cryptocurrency exchanges and trading platforms, as well as supports high profile blockchain projects and traditional financial institutions moving into crypto.
GPU data company Silicon Data completes $30.5 million Series A financing, led by Valor Atreides AI Fund
GPU market data infrastructure company Silicon Data announced the completion of the first closing of its $30.5 million Series A financing round, led by Valor Atreides AI Fund, with participation from CME Ventures, DRW, Samsung Next, VanEck, Jump Trading, Wintermute, and others. The funds will be used for GPU benchmark pricing, performance measurement, institutional and alternative data, as well as derivatives, insurance, and credit market risk infrastructure.
Silicon Data Secures $30.5 Million Series A Funding, Led by Valor Atreides AI Fund
Odaily News: GPU market data infrastructure company Silicon Data has announced the first closing of its $30.5 million Series A funding round, led by Valor Atreides AI Fund, with participation from CME Ventures, DRW, Samsung Next, VanEck, Jump Trading, Wintermute, and others. The funds will be used for GPU benchmark pricing, performance measurement, institutional and alternative data, as well as risk infrastructure for derivatives, insurance, and credit markets.Silicon Data currently collects data from approximately 100 GPU rental platforms across more than 40 countries worldwide, processing over 150,000 verified price records daily. CME Group plans to adopt Silicon Data's benchmarks as the reference price for its proposed cash-settled GPU futures contracts, pending regulatory approval.
Prediction market platform Pascal completes $9 million Series A funding round led by USV
: Prediction market platform Pascal has announced the completion of a $9 million Series A funding round. The platform aims to create a next-generation prediction market platform for professional traders and institutional users, challenging the current market landscape dominated by Kalshi and Polymarket.This funding round was led by Union Square Ventures (USV), with the specific valuation not disclosed. This financing expands on a $6 million seed round from August last year, with early investors including Wintermute Ventures and DBA.Headquartered in New York, Pascal positions itself as a prediction market platform similar to Kalshi, but aims to offer users lower fees, higher liquidity, and more specialized trading tools through a trading model closer to perpetual futures.Pascal co-founder Ivo Crnkovic-Rubsamen stated that the hope is to establish highly liquid prediction markets for real business risks in the future, allowing companies to utilize these markets for risk management and hedging. (Fortune)
Stablecoin payment infrastructure Velocity completes $38 million Series A funding round, led by Dragonfly
Velocity, a stablecoin payment infrastructure startup, announced the completion of a $38 million Series A funding round. This round was led by crypto investment firm Dragonfly, with participation from Coinbase, Capital One Ventures, Wintermute, and other institutions. Velocity CEO Eric Queathem did not disclose the latest valuation. Founded in 2025, Velocity focuses on providing stablecoin payment solutions for enterprises, payment service providers, fintech companies, and financial institutions, helping them leverage dollar-pegged tokens to optimize cross-border payments, fund settlement, and treasury management processes.Currently, Velocity has covered markets in the United States, parts of Europe, and Australia. The company plans to use the new funds to apply for licenses, expand into Africa and Latin America, while also investing in building more secure asset custody infrastructure and developing new features, including stablecoin yield products. (Fortune)
Nova Markets completes new funding round, with participation from Wintermute Ventures and others
Nova Markets has announced the completion of a new funding round, with participation from Wintermute Ventures, Robot Ventures, Big Brain VC, Cumberland, GSR, Greenfield Capital, Hash3, Bodhi Ventures, Kairos Research, and others. The project primarily focuses on on-chain capital and prediction market infrastructure, and the funds will be used to migrate more perpetual contracts and prediction markets on-chain.
Solana Founder-Backed Perp DEX BULK Launches Season 1 Points Program
Solana ecosystem Perp DEX project BULK has announced the launch of its Season 1 points program. Pre-deposits are now open, with 1 million AURA (points) distributed weekly until the exchange officially goes live.Previously, BULK announced the completion of an $8 million seed funding round, led by 6th Man Ventures and Robot Ventures, with participation from Big Brain Holdings, Wintermute, and Solana co-founder Anatoly Yakovenko, among others.
Wintermute Plans ~$1B Investment Over Five Years to Expand AI and High-Frequency Trading, Non-Crypto Revenue Expected to Exceed 50% by 2027
Odaily News: Cryptocurrency market maker Wintermute plans to invest approximately $1 billion over the next five years in AI infrastructure and high-frequency trading systems, while expanding into equities, commodities, foreign exchange, and prediction markets. The company aims to increase non-crypto revenue to more than 50% of total revenue by the end of 2027. Wintermute founder and CEO Evgeny Gaevoy said the company plans to fund the investment with retained earnings. Wintermute's average daily trading volume this year is around $10 billion, down from approximately $15 billion last year; non-crypto businesses currently account for about 10% of revenue. The investment projects will cover computing power, storage, network, and data center infrastructure, supporting quantitative strategies that rely on large-scale datasets and models requiring continuous training and retraining. Wintermute has already expanded into exchange-traded funds, real-world asset perpetual futures, and prediction markets. Wintermute's U.S. affiliate recently completed its broker-dealer registration, allowing it to trade equities and stock options for its own account and serve as an authorized participant for exchange-traded products. The registration provides a pathway for the company to enter regulated securities markets. (Bitcoin.com News)
Silicon Data Secures $30.5 Million Series A Funding, Led by Valor Atreides AI Fund
Odaily News: GPU market data infrastructure company Silicon Data has announced the first closing of its $30.5 million Series A funding round, led by Valor Atreides AI Fund, with participation from CME Ventures, DRW, Samsung Next, VanEck, Jump Trading, Wintermute, and others. The funds will be used for GPU benchmark pricing, performance measurement, institutional and alternative data, as well as risk infrastructure for derivatives, insurance, and credit markets.Silicon Data currently collects data from approximately 100 GPU rental platforms across more than 40 countries worldwide, processing over 150,000 verified price records daily. CME Group plans to adopt Silicon Data's benchmarks as the reference price for its proposed cash-settled GPU futures contracts, pending regulatory approval.
Wintermute obtains U.S. broker-dealer license, to expand into equities, options, and crypto ETF trading
Odaily News: Cryptocurrency market maker Wintermute announced that its U.S. subsidiary, Wintermute USA, has completed its broker-dealer registration with the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). With the registration complete, the company can provide liquidity to U.S. stock exchanges and over-the-counter (OTC) trading counterparties, and trade equities and options using its proprietary accounts. In addition, Wintermute can now self-clear digital asset securities transactions and act as an Authorized Participant (AP) for exchange-traded products (ETPs), including ETF products related to digital assets. (The Block)
Wintermute Completes U.S. Broker-Dealer Registration, Expands into Traditional Securities Market Making Sector
According to WSJ reports, Wintermute's US subsidiary has registered as a broker-dealer, marking the crypto trading company's formal entry into the regulated US financial market. This registration qualifies it to apply to become a designated market maker for stock exchanges such as the New York Stock Exchange and Nasdaq, providing a foundation for its expansion into the traditional financial services sector. The report noted that Wintermute is competing with large market-making firms such as Jane Street Capital and Citadel Securities.
Trump Crypto Interest Controversy Weighs on CLARITY Act, Dimming Prospects for Passage This Year
the long-awaited digital asset regulatory bill, the CLARITY Act, has hit a snag in its advancement. Senate Majority Leader John Thune stated that the Senate is not expected to pass the bill before the August recess.The CLARITY Act aims to establish a clearer regulatory framework for digital assets, promoting the integration of blockchain and crypto assets into the mainstream financial system. Previously, the bill had undergone multiple rounds of negotiations between the crypto industry and opposing forces, such as the banking sector, and was once considered close to passage.However, recent controversy surrounding conflicts of interest related to President Donald Trump and his family's involvement in crypto projects has emerged as a new obstacle. Democrats are demanding the inclusion of ethical clauses in the bill that would restrict government officials from profiting from crypto transactions, a stance Republicans have previously opposed. Prediction market data indicates that the probability of the CLARITY Act passing this year has significantly declined. Polymarket data shows that as of Friday, the probability stood at approximately 37%, well below the over 80% level seen earlier this spring.Crypto policy organizations and industry insiders believe the current delay is largely influenced by the political dynamics of the U.S. midterm elections. Ron Hammond, Head of Policy and Advocacy at Wintermute, stated that the votes to support the bill may still exist, but "election politics are louder." He suggested that a window for advancing the bill could still emerge after the November elections.Analysts point out that if Congress needs to prioritize major issues such as government funding and national defense before the end of its current term, the CLARITY Act could be further marginalized. As the U.S. political landscape may shift following the midterm elections, the outlook for crypto regulatory legislation remains highly uncertain. (Fortune)
Stablecoin payment infrastructure Velocity completes $38 million Series A funding round, led by Dragonfly
Velocity, a stablecoin payment infrastructure startup, announced the completion of a $38 million Series A funding round. This round was led by crypto investment firm Dragonfly, with participation from Coinbase, Capital One Ventures, Wintermute, and other institutions. Velocity CEO Eric Queathem did not disclose the latest valuation. Founded in 2025, Velocity focuses on providing stablecoin payment solutions for enterprises, payment service providers, fintech companies, and financial institutions, helping them leverage dollar-pegged tokens to optimize cross-border payments, fund settlement, and treasury management processes.Currently, Velocity has covered markets in the United States, parts of Europe, and Australia. The company plans to use the new funds to apply for licenses, expand into Africa and Latin America, while also investing in building more secure asset custody infrastructure and developing new features, including stablecoin yield products. (Fortune)
A certain address has transferred a total of 2,300 BTC to Wintermute, valued at $142 million
Odaily News: According to on-chain analyst Ai Yi's monitoring, a certain address has transferred a cumulative total of 2,300 BTC to Wintermute's deposit address since June 25, with a total value of $142 million and an average deposit price of $61,813. The most recent transfer occurred 6 hours ago, valued at $50.72 million. The funds for this address originated from Paxos, and the ownership of the address has not yet been confirmed.
Analyst: Bitcoin May Be Bottoming Out in a "Boring Market," ETF Inflows Fail to Push Price Higher
According to Odaily, despite spot Bitcoin ETFs recording net inflows of $211.5 million on Tuesday, the price of Bitcoin remained largely flat, hovering around $64,000. Analysts believe this movement resembles the market being compressed into a low-volatility state, rather than signaling an impending sharp decline.On the same day, spot Ethereum ETFs also recorded net inflows of $53.8 million. In the broader macro market, the S&P 500 index closed at a record high of 7,737 points on August 4, the Nasdaq rose 2.6% driven by AI earnings, and Brent crude oil fell below $80 due to easing tensions in the Strait of Hormuz.Wintermute OTC trader Jasper De Maere stated that ETF buying entering the market but failing to push Bitcoin's price higher is itself a key signal, indicating that marginal buyers in the spot market are not truly one-sided bulls. He believes that for Bitcoin to sustain its recovery narrative, it needs a clear breakout above $65,000 in the short term.Overall, analysts are interpreting the current Bitcoin price action as a form of "boring bottoming": no obvious panic selling, yet lacking strong upward momentum. ETF inflows provide support, but the price remains suppressed below key resistance, suggesting the market is still waiting for a clearer directional catalyst.
Wintermute Weekly Report: Fed Hawkish Divergence Continues, AI Mega Fund Forced Liquidation
According to the market weekly report released by market maker Wintermute (@wintermute_t), the macro and crypto markets experienced multiple shocks over the past week: On the macro level, the Federal Reserve maintained interest rates unchanged at 3.50-3.75% with a 9-3 vote. Officials Hammack, Kashkari, and Logan rarely voted together to support a 25bp rate hike, marking dissent at the second meeting since Chairman Warsh took office. The 30-year US Treasury yield once touched 5.24%, hitting a new high since July 2007, while the 10-year yielded 4.67%. The yield curve bear-steepened, indicating market doubts about the Federal Reserve's inflation credibility. On the stock market level, AI leveraged fund Situational Awareness (under Leopold Aschenbrenner) encountered margin calls due to leverage as high as 400%. Its size plummeted from $45 billion in early July to about $10 billion, forced to sell all public positions to Citadel at a discount. Long positions in AI infrastructure such as SK Hynix and CoreWeave fell sharply, partially explaining the reason for the continuous decline in chip stocks in July. On the crypto level, BTC fell 2.84% weekly and ETH fell 3.63% weekly, but Wintermute believes major sellers are nearly exhausted, and the painful trade direction has turned upward. ETH has outperformed BTC for two consecutive months,
Wintermute Weekly Report: CPI Falls More Than Expected Amid Escalating Iran Tensions, BTC Closes Higher Against Trend to Become Week's Strongest Risk Asset
According to Wintermute OTC trader @Jjay_dm, June CPI fell 0.4% month-over-month, the largest single-month drop since April 2020, overall inflation decreased from 4.2% to 3.5%, the market immediately priced in a hold for the July FOMC, and the probability of a rate hike in September also dropped from over 75% to 63%. However, the US restarted a naval blockade on Iranian ports and conducted air strikes for the fourth consecutive night, Brent crude surged 15.54% in a single week, reaching a high of $87 per barrel, pressure for energy inflation to rebound is accumulating, casting doubt on the sustainability of this CPI decline. Meanwhile, China's Moonshot released the open-source model Kimi K3, claiming performance comparable to frontier models from OpenAI and Anthropic, directly impacting the AI compute narrative, TSMC fell 7% in a single day, the Philadelphia Semiconductor Index recorded its worst weekly performance in 15 months, the Nasdaq dropped 4.16%, and Nvidia temporarily ceded the top spot in global market cap to Apple. The crypto market, however, strengthened against the trend, becoming the best-performing risk asset of the week. Within minutes of the CPI data release, BTC surged from around $62,000 to $64,900, ETH jumped 7% in a single day to $1,884, CoinGlass data showed approximately $134 million in short positions were liquidated within the first hour. BTC ETF
Wintermute: Bitcoin Holds $62,000 Amid Geopolitical Shock, ETFs Record First Net Inflow After Eight Weeks of Outflows
Amid geopolitical risks such as US airstrikes on Iran and the closure of the Strait of Hormuz, Bitcoin performed steadily overall, holding the key $62,000 level, indicating that market selling pressure has eased. Last week, Bitcoin and Ethereum-related products recorded a combined net inflow of approximately $282 million, ending eight consecutive weeks of capital outflows. However, institutions believe this is more like a preliminary turning point signal and is not yet sufficient to confirm a trend reversal.
Approximately $30.85 Million of Clifton Collins' Bitcoin Moved, Sparking Speculation on Asset Ownership
according to Arkham monitoring, approximately $30.85 million worth of Bitcoin was transferred about half an hour ago. The funds are linked to addresses associated with Irish drug trafficker Clifton Collins, who had amassed over $400 million in assets through Bitcoin, with some funds later seized by police. Monitoring data shows that his related BTC funds have seen multiple large movements recently:March 24: Approximately $35.44 million worth of BTC was seized by Irish police and transferred to Coinbase Custody;May 19: Approximately $38.19 million worth of BTC was transferred to addresses associated with Wintermute / Binance;July 2: Approximately $30.85 million worth of BTC was transferred to Coinbase Prime Custody.
Wintermute Plans ~$1B Investment Over Five Years to Expand AI and High-Frequency Trading, Non-Crypto Revenue Expected to Exceed 50% by 2027
Odaily News: Cryptocurrency market maker Wintermute plans to invest approximately $1 billion over the next five years in AI infrastructure and high-frequency trading systems, while expanding into equities, commodities, foreign exchange, and prediction markets. The company aims to increase non-crypto revenue to more than 50% of total revenue by the end of 2027. Wintermute founder and CEO Evgeny Gaevoy said the company plans to fund the investment with retained earnings. Wintermute's average daily trading volume this year is around $10 billion, down from approximately $15 billion last year; non-crypto businesses currently account for about 10% of revenue. The investment projects will cover computing power, storage, network, and data center infrastructure, supporting quantitative strategies that rely on large-scale datasets and models requiring continuous training and retraining. Wintermute has already expanded into exchange-traded funds, real-world asset perpetual futures, and prediction markets. Wintermute's U.S. affiliate recently completed its broker-dealer registration, allowing it to trade equities and stock options for its own account and serve as an authorized participant for exchange-traded products. The registration provides a pathway for the company to enter regulated securities markets. (Bitcoin.com News)
Wintermute: Weak US Non-Farm Payrolls Drive Risk Asset Rebound, ETF Funds Flow Back into Crypto Market
Wintermute released a market update noting that U.S. non-farm payrolls in July unexpectedly decreased by 23,000, significantly weaker than market expectations, pushing September rate hike expectations down from 55% to 40% and driving a broad rebound in risk assets. Gold led the weekly gains, with Nasdaq, S&P 500, Bitcoin, and altcoins generally rising, while Brent crude oil fell 6.85%.
Wintermute Weekly Report: Fed Hawkish Divergence Continues, AI Mega Fund Forced Liquidation
According to the market weekly report released by market maker Wintermute (@wintermute_t), the macro and crypto markets experienced multiple shocks over the past week: On the macro level, the Federal Reserve maintained interest rates unchanged at 3.50-3.75% with a 9-3 vote. Officials Hammack, Kashkari, and Logan rarely voted together to support a 25bp rate hike, marking dissent at the second meeting since Chairman Warsh took office. The 30-year US Treasury yield once touched 5.24%, hitting a new high since July 2007, while the 10-year yielded 4.67%. The yield curve bear-steepened, indicating market doubts about the Federal Reserve's inflation credibility. On the stock market level, AI leveraged fund Situational Awareness (under Leopold Aschenbrenner) encountered margin calls due to leverage as high as 400%. Its size plummeted from $45 billion in early July to about $10 billion, forced to sell all public positions to Citadel at a discount. Long positions in AI infrastructure such as SK Hynix and CoreWeave fell sharply, partially explaining the reason for the continuous decline in chip stocks in July. On the crypto level, BTC fell 2.84% weekly and ETH fell 3.63% weekly, but Wintermute believes major sellers are nearly exhausted, and the painful trade direction has turned upward. ETH has outperformed BTC for two consecutive months,
Trump Crypto Interest Controversy Weighs on CLARITY Act, Dimming Prospects for Passage This Year
the long-awaited digital asset regulatory bill, the CLARITY Act, has hit a snag in its advancement. Senate Majority Leader John Thune stated that the Senate is not expected to pass the bill before the August recess.The CLARITY Act aims to establish a clearer regulatory framework for digital assets, promoting the integration of blockchain and crypto assets into the mainstream financial system. Previously, the bill had undergone multiple rounds of negotiations between the crypto industry and opposing forces, such as the banking sector, and was once considered close to passage.However, recent controversy surrounding conflicts of interest related to President Donald Trump and his family's involvement in crypto projects has emerged as a new obstacle. Democrats are demanding the inclusion of ethical clauses in the bill that would restrict government officials from profiting from crypto transactions, a stance Republicans have previously opposed. Prediction market data indicates that the probability of the CLARITY Act passing this year has significantly declined. Polymarket data shows that as of Friday, the probability stood at approximately 37%, well below the over 80% level seen earlier this spring.Crypto policy organizations and industry insiders believe the current delay is largely influenced by the political dynamics of the U.S. midterm elections. Ron Hammond, Head of Policy and Advocacy at Wintermute, stated that the votes to support the bill may still exist, but "election politics are louder." He suggested that a window for advancing the bill could still emerge after the November elections.Analysts point out that if Congress needs to prioritize major issues such as government funding and national defense before the end of its current term, the CLARITY Act could be further marginalized. As the U.S. political landscape may shift following the midterm elections, the outlook for crypto regulatory legislation remains highly uncertain. (Fortune)
Wintermute Weekly Report: CPI Falls More Than Expected Amid Escalating Iran Tensions, BTC Closes Higher Against Trend to Become Week's Strongest Risk Asset
According to Wintermute OTC trader @Jjay_dm, June CPI fell 0.4% month-over-month, the largest single-month drop since April 2020, overall inflation decreased from 4.2% to 3.5%, the market immediately priced in a hold for the July FOMC, and the probability of a rate hike in September also dropped from over 75% to 63%. However, the US restarted a naval blockade on Iranian ports and conducted air strikes for the fourth consecutive night, Brent crude surged 15.54% in a single week, reaching a high of $87 per barrel, pressure for energy inflation to rebound is accumulating, casting doubt on the sustainability of this CPI decline. Meanwhile, China's Moonshot released the open-source model Kimi K3, claiming performance comparable to frontier models from OpenAI and Anthropic, directly impacting the AI compute narrative, TSMC fell 7% in a single day, the Philadelphia Semiconductor Index recorded its worst weekly performance in 15 months, the Nasdaq dropped 4.16%, and Nvidia temporarily ceded the top spot in global market cap to Apple. The crypto market, however, strengthened against the trend, becoming the best-performing risk asset of the week. Within minutes of the CPI data release, BTC surged from around $62,000 to $64,900, ETH jumped 7% in a single day to $1,884, CoinGlass data showed approximately $134 million in short positions were liquidated within the first hour. BTC ETF
Wintermute: AI Trading Cooling Drags Market Correction, Bitcoin Tests Key Support Level
The latest report released by Wintermute shows that cooling AI trading has triggered market sector rotation, with the Nasdaq Index falling for the fifth consecutive trading day, down 4.5% in a single day, and the semiconductor sector under significant pressure; Bitcoin fell 5.9%, dropping below $60,000 to around $59,300, while Ethereum fell 7.9%. The U.S. May Personal Consumption Expenditures Price Index (PCE) rose year-on-year to 4.1%, reinforcing expectations of higher rates for longer, and a stronger U.S. dollar also exerted pressure on crypto assets.
Related news
Wintermute Plans ~$1B Investment Over Five Years to Expand AI and High-Frequency Trading, Non-Crypto Revenue Expected to Exceed 50% by 2027
Odaily News: Cryptocurrency market maker Wintermute plans to invest approximately $1 billion over the next five years in AI infrastructure and high-frequency trading systems, while expanding into equities, commodities, foreign exchange, and prediction markets. The company aims to increase non-crypto revenue to more than 50% of total revenue by the end of 2027. Wintermute founder and CEO Evgeny Gaevoy said the company plans to fund the investment with retained earnings. Wintermute's average daily trading volume this year is around $10 billion, down from approximately $15 billion last year; non-crypto businesses currently account for about 10% of revenue. The investment projects will cover computing power, storage, network, and data center infrastructure, supporting quantitative strategies that rely on large-scale datasets and models requiring continuous training and retraining. Wintermute has already expanded into exchange-traded funds, real-world asset perpetual futures, and prediction markets. Wintermute's U.S. affiliate recently completed its broker-dealer registration, allowing it to trade equities and stock options for its own account and serve as an authorized participant for exchange-traded products. The registration provides a pathway for the company to enter regulated securities markets. (Bitcoin.com News)
A certain address has transferred a total of 2,300 BTC to Wintermute, valued at $142 million
Odaily News: According to on-chain analyst Ai Yi's monitoring, a certain address has transferred a cumulative total of 2,300 BTC to Wintermute's deposit address since June 25, with a total value of $142 million and an average deposit price of $61,813. The most recent transfer occurred 6 hours ago, valued at $50.72 million. The funds for this address originated from Paxos, and the ownership of the address has not yet been confirmed.
Wintermute Plans to Invest $1 Billion to Expand into AI and Non-Crypto Markets
Wintermute plans to invest $1 billion over five years to expand into non-crypto markets, targeting related revenue to account for over 50% by 2027, against the backdrop of declining crypto trading volumes.
Wintermute plans to invest approximately $1 billion over the next five years, expanding into high-frequency trading and AI data centers while growing its presence in traditional financial markets
Odaily News, Wintermute plans to invest approximately $1 billion over the next five years in high-frequency trading and AI data center infrastructure, while expanding into traditional financial markets such as equities, commodities, and foreign exchange. Wintermute founder and CEO Evgeny Gaevoy said the company hopes to gradually transform into a comprehensive trading firm similar to Jane Street or Citadel Securities. Gaevoy noted that competing with institutions that have spent decades optimizing technology and infrastructure in traditional markets requires massive investment. In addition to reducing trading execution latency, Wintermute will also leverage vast market data to continuously train and retrain more sophisticated quantitative models, and secure sufficient computing, storage, and network resources. The infrastructure investment is expected to be primarily funded by the company's retained earnings. Affected by the crypto market downturn, Wintermute's average daily trading volume has dropped from approximately $15 billion last year to $10 billion this year. Currently, about 10% of the company's revenue comes from non-crypto markets, with the goal of increasing that proportion to over 50% by the end of 2027. The company has begun trading ETFs and perpetual contracts linked to real-world assets, and will launch a prediction market trading business in early 2026. Wintermute's U.S. subsidiary has registered as a broker-dealer, allowing it to trade equities and equity options and serve as an authorized participant for exchange-traded products. The company currently has 17 employees in New York and plans to double its local headcount next year, with global staff expected to grow by 40%.
GPU data company Silicon Data completes $30.5 million Series A financing, led by Valor Atreides AI Fund
GPU market data infrastructure company Silicon Data announced the completion of the first closing of its $30.5 million Series A financing round, led by Valor Atreides AI Fund, with participation from CME Ventures, DRW, Samsung Next, VanEck, Jump Trading, Wintermute, and others. The funds will be used for GPU benchmark pricing, performance measurement, institutional and alternative data, as well as derivatives, insurance, and credit market risk infrastructure.
Silicon Data Secures $30.5 Million Series A Funding, Led by Valor Atreides AI Fund
Odaily News: GPU market data infrastructure company Silicon Data has announced the first closing of its $30.5 million Series A funding round, led by Valor Atreides AI Fund, with participation from CME Ventures, DRW, Samsung Next, VanEck, Jump Trading, Wintermute, and others. The funds will be used for GPU benchmark pricing, performance measurement, institutional and alternative data, as well as risk infrastructure for derivatives, insurance, and credit markets.Silicon Data currently collects data from approximately 100 GPU rental platforms across more than 40 countries worldwide, processing over 150,000 verified price records daily. CME Group plans to adopt Silicon Data's benchmarks as the reference price for its proposed cash-settled GPU futures contracts, pending regulatory approval.