General Compute Raises $100 Million at an $800 Million Valuation

General Compute has raised $100 million from investors led by Blackbird Ventures and Abstract Ventures. That values the company at $800 million. A May funding round had valued it at $60 million. A customer had signed a contract worth $100 million in revenue a year. The company runs AI models on chips not made by Nvidia, the leading AI chipmaker.