Ornn

Ornn AI Inc. is developing financial infrastructure for the AI and compute economy, headquartered in Menlo Park, CA. The company has developed a cash-settled compute exchange platform to treat accelerated compute as a commodity. On October 28, 2025, Ornn announced a $5.7 million seed funding round led by Crucible Ventures and Vine Ventures, with the mission to turn compute into a tradable commodity. The company was co-founded by CEO Kush Bavaria.

Ornn's primary offerings are its compute price indices and a U.S.-regulated venue for cash-settled futures and derivatives on GPU compute hours. The indices track the cost of GPU compute from various cloud and on-premise providers, serving as a benchmark for developers and investors. These financial instruments allow market participants to hedge against compute cost volatility, manage depreciation risk, and bring liquidity to the market. The platform enables AI companies to lock in costs, data-center operators to presell capacity and stabilize revenue, and investors to manage collateral risk tied to GPU depreciation.

The exchange is designed to meet CFTC-aligned standards, utilizing USD cash collateral, transparent reporting, and central clearing to ensure reliable execution. Through a strategic partnership with Hydra Host, Ornn integrates real-time infrastructure data from over 30,000 GPUs to enhance its price indices and market analytics, advancing the financialization of compute resources.

Keywords: compute exchange, AI financial infrastructure, cash-settled derivatives, GPU compute, compute derivatives, price-discovery, AI economy, compute hedging, GPU price index, compute futures, financial instruments, asset class, market liquidity, risk management, data-center finance, cloud providers, institutional trading, compute commodity, AI infrastructure, GPU depreciation