Ornn announces the completion of a $33 million seed round led by a16z Crypto. OCPI forms price benchmarks based on executed or settled transactions, covering H100, A100, H200, B200, and RTX series GPUs, standardized by hardware, region, and contract duration. It will be available on Bloomberg Terminal in April.
a16z Crypto Leads $33 Million Seed Round, Eight Institutions Co-Invest
According to Ornn's official announcement, the investors in this $33 million seed round are as follows:
Lead: a16z Crypto
New Participants: Galaxy Ventures, Nordstar, SVAngel
Existing Follow-ons: Vine Ventures, Crucible Capital, Link Ventures, Box Group
Founded in 2025 by MIT graduates Kush Bavaria and Wayne Nelms, a16z Crypto believes Ornn is moving compute power from "private negotiations and individual contracts" toward a functioning market.
Ornn Compute Price Index: Priced on Executed Trades, Available on Bloomberg Terminal in April
According to Ornn's website and a16z Crypto's official blog, OCPI's pricing mechanism is based on executed or settled transactions rather than public listing prices, reducing the gap between listed and actual traded prices. OCPI covers Nvidia H100, A100, H200, B200, and RTX series GPUs, standardized by hardware, region, and contract duration.
OCPI was announced to be available on Bloomberg Terminal in April 2026, further opening access to institutional users. Currently, over 400 data center operators, investors, and AI companies use its platform to track GPU prices.
ICE Plans to Launch GPU Compute Futures Contracts Based on OCPI
According to an ICE announcement, NYSE parent company Intercontinental Exchange (ICE) announced in May 2026 plans to launch GPU compute futures contracts based on the OCPI index series in partnership with Ornn. The contracts are dollar-denominated and cash-settled, covering mainstream GPU types. The specific launch date is subject to regulatory approval.
ICE's involvement elevates Ornn from a compute trading platform to a compute derivatives infrastructure. Through OCPI-based futures contracts, buyers and sellers can theoretically lock in future compute prices in advance, reducing operational volatility.
Ornn Token Price Indices (OTPI): Launched in June, Evaluates Token Output Costs of Models like Anthropic
According to an Ornn announcement, Ornn launched the Ornn Token Price Indices (OTPI) in June 2026 to evaluate the actual token costs incurred by major model developers such as Anthropic and OpenAI — essentially the output side of the AI economy. OCPI evaluates the input side (GPU time cost for training and running models). Together, the two indices provide the market with a complete cost curve from compute input to AI consumption demand.
Frequently Asked Questions
How is Ornn's OCPI different from ordinary GPU rental quotes?
According to Ornn's website and a16z Crypto's blog, OCPI forms price benchmarks based on executed or settled transactions, not public listing prices. It is standardized by hardware (e.g., H100, H200, B200), region, and contract duration, and was made available on Bloomberg Terminal in April 2026 for over 400 institutions to track.
What is the current status of the GPU futures contract planned by ICE?
According to ICE's announcement, NYSE parent ICE announced in May 2026 plans to launch GPU compute futures contracts based on OCPI in partnership with Ornn, priced in USD and cash-settled. The specific launch is subject to regulatory approval.
What do Ornn's OCPI and OTPI track respectively?
According to Ornn's announcement, OCPI tracks the market price of GPU computing resources (AI compute input side). OTPI (launched in June 2026) tracks the token output costs of major model developers such as Anthropic and OpenAI (AI compute output side). Together, they provide a complete cost curve from compute input to AI consumption demand.
