Secondary close adds two of the world’s largest banks to the GPU market intelligence company’s backers as financial markets look to independent compute benchmarks

Silicon Data, the financial infrastructure company building market intelligence and risk management tools for the rapidly evolving compute economy, announced the closing of its Series A financing, with participation from Bank of America and Citi.

The investment marks an important milestone for Silicon Data as it expands its platform for price discovery, risk management, and financial products across AI infrastructure markets.

As AI infrastructure continues to scale, compute is becoming an increasingly important economic input. Mature markets rely on independent referees: benchmarks that tell participants what an asset is worth, whether it performs as promised, and how its risk should be measured. To play that role for compute, Silicon Data is building the market infrastructure needed to bring greater transparency, standardized pricing, and risk management capabilities to this emerging asset class.

“The participation of Bank of America and Citi is a strong validation of our vision for the future of compute markets,” said Carmen Li, Founder and CEO of Silicon Data. “Compute is becoming a critical economic resource, yet the market remains fragmented and lacks many of the financial tools that exist for traditional commodities and other asset classes. We believe the next generation of compute markets will require transparent price discovery and sophisticated risk management.”

“AI investment is growing rapidly, creating new opportunities across the ecosystem. As the sector evolves, investors will need more robust data, greater transparency, and effective tools to price and manage risk. Silicon Data is helping build the market infrastructure needed to support ongoing investment in compute,” said Jim DeMare, Co-President, Bank of America.

“As AI compute becomes an increasingly important economic resource, the infrastructure supporting its pricing, financing and risk management will need to evolve alongside it,” said Mickey Bhatia, Global Head of Spread Products at Citi. “Independent benchmarks and reliable market data are fundamental to the development of any mature market. We believe Silicon Data is addressing a gap in this emerging ecosystem, and we are proud to be part of this financing round and supporting Silicon Data’s next growth phase.”

Silicon Data is developing products designed to enable market participants to better understand, price, and manage exposure.

The Series A financing will support Silicon Data’s continued product development, expansion of its market infrastructure, and growth across institutional markets. This comes on the heels of the Series A’s $30.5 million initial closing in August, led by the Valor Atreides AI Fund with participation from CME Ventures, DRW, F-Prime, Samsung Next, VanEck, Further, Jump, Tectonic, and Wintermute, as well as Breed, Hack, Blank VC, Sancus Ventures, and SoGal Ventures.

The participation of leading global financial institutions underscores the growing institutional interest in the emergence of compute as a distinct and investable market.

Source: Silicon Data