General Compute raises $100 million Series A, countering the neocloud disaster narrative

General Compute, a neocloud built on specialized inference chips from Nvidia rivals including SambaNova, Positron and Cerebras, has raised a $100 million Series A led by Blackbird Ventures and Abstract Ventures at an $800 million post-money valuation, up from $60 million after its May seed round. The raise follows a $400 million deal to buy chips from SambaNova and a large customer agreement worth $100 million in annual recurring revenue. CEO Finn Puklowski dismissed fears of a chip-led collapse as "massively overstated" and said he expects to deploy 75 megawatts of computing capacity in 2027.