❌

Reading view

There are new articles available, click to refresh the page.

Tech leaders invest in new startup building billing software for data centers

Internet Backyard founders Gabriel Ravacci (left) and Mai Trinh. (Internet Backyard Photo)

Internet Backyard, a new startup building billing software for data centers and GPU providers, announced a $4.5 million pre-seed round led by Basis Set Ventures.

The two-month-old company describes itself as a β€œfinancial infrastructure layer for the AI compute economy,” aiming to automate the entire order-to-cash process and replace the spreadsheets and manual handoffs that sit between sales, operations and finance.

The company’s first product, called gnomos, is a full-stack platform that helps data center operators and their customers track and charge for GPU and infrastructure usage.

The startup plans to generate revenue by taking a small percentage of the invoice income it helps recover, plus fees on routed payment flow and data licensing. It has a longer-term goal of becoming a data aggregation layer for industry benchmarks and performance metrics.

Other backers include Crucible Capital, Maple VC, Operator Collective, Seattle-based Breakers, and angels including Jay Adelson (Equinix founder), D-Wave founder Geordie Rose (founder of D-Wave and Sanctuary AI) and Ian Crosby (founder of Bench Accounting).

The 5-person company is led by CEO Mai Trinh, a former technical project manager at Sanctuary AI, and CTO Gabriel Ravacci, a recent engineering grad who worked on next-generation AI accelerators at AMD. The startup got off the ground in Vancouver B.C. but is relocating to San Francisco.

❌