Competitors

DIRECT COMPETITOR. Pure inference-as-a-service, 10T tok/day, 10K+ customers (Cursor, DoorDash). Must match or beat $0.20/M pricing via energy cost advantage.

DIRECT COMPETITOR. Token Factory = managed inference at $0.13/M (lowest published). 69% gross margin. Must undercut via energy advantage or compete on sovereign/compliance.

Non-GPU inference at 40M+ tok/sec threatens GPU-based cost assumptions. IPO Q2 2026. Evaluate as potential compute partner or technology licensor.

Nvidia acquisition signals inference hardware consolidation. LPU's deterministic latency (877 tok/s) sets benchmark. Pricing is higher than infrastructure-first providers' target range.

Nvidia's $150M investment signals intent. Custom C++ engine targets enterprise inference workloads. Expanding to training creates a full-stack competitor.

DIRECT COMPETITOR. Closest energy-to-inference model. Vertically integrated (owns energy + DCs). Key differentiation: energy cost structure and dual revenue streams.

Price floor leader at $0.03/M input. 8,000x volume growth since seed. SOC2 + ISO 27001 certified. Lean team (~15 employees) with Blackwell GPU advantage. Must monitor as cost benchmark.

Crypto-to-AI pivot. $55.6B backlog is GPU rental/training, not managed inference. Potential partner for GPU supply. Watch for inference API launch.

Prices at ~breakeven with FlashAttention optimization. Energy cost advantage is key to sustainable margins. Potential integration partner for model serving.

Distribution channel opportunity: list inference endpoints on OpenRouter for demand generation. Their a16z 100T token study shows inference demand shifting to code + reasoning.

Acquired by Cloudflare Nov 2025. 50K model marketplace is distribution play. Cold-start latency (60s+) limits production use. Now part of $30B+ Cloudflare edge network.

Acquired by NVIDIA Apr 2025. Rebranded as DGX Cloud Lepton. Founded by Caffe creator (Yangqing Jia). Now NVIDIA's multi-cloud GPU marketplace connecting devs to CoreWeave, Crusoe, Lambda.

Developer-first serverless GPU platform. Built in Rust with sub-1s cold starts. $1.1B unicorn, in talks for $2.5B round. 90% workloads are inference. Different approach: compute platform vs managed inference.

Pure GPU rental with zero egress fees. Not in managed inference today. Potential GPU supply partner. Monitor for inference API announcements.

Cautionary tale: $5B peak valuation collapsed to $1.6B Intel offer. Validates GPU-agnostic approach over custom silicon lock-in. Potential acqui-hire talent pool.

Marketplace model for custom LLM inference. Potential distribution partner. Claims 90% cost reduction. a16z + Multicoin backing.