Salad Technologies is a technology company.
Salad Technologies has raised $20.0M across 2 funding rounds.
Salad Technologies has raised $20.0M in total across 2 funding rounds.
Salad Technologies is a distributed cloud computing platform that connects idle consumer GPUs from gamers' PCs to enterprises for cost-effective AI/ML inference, batch processing, and other high-performance workloads.[1][2][5] It serves AI companies, Web3 organizations, and enterprises needing scalable GPU resources, solving the problem of expensive traditional cloud computing by harnessing underutilized gaming hardware for up to 80% lower costs through its decentralized network.[1][3][5] With $20.4M in total funding, including a $17M Series A, over 30K daily active nodes delivering 100 PetaFLOPS peak power, and recent launches like Salad Container Engine and AI transcription tools, Salad shows strong growth momentum in the booming AI and decentralized compute markets.[2][3][6]
Founded in 2018 in Salt Lake City, Utah, by CEO Bob Miles—an engineer and product manager with tech sector experience—Salad emerged from the crypto boom, aiming to monetize idle gaming PCs for blockchain proof-of-work tasks like Ethereum mining.[2][3][6] Miles bootstrapped early operations, securing seed funding from investors like Origin Ventures, Kickstart Seed Fund, and others, followed by a seed-plus round and a $17M Series A led by Left Lane Capital.[3][6] Pivotal moments include hitting 100 concurrent users, achieving "supercomputer status," releasing its MVP and 1.0 platform, and expanding from crypto rewards to broader compute sharing with over 7,500 years of processing contributed to blockchain networks.[3][6]
Salad rides the explosive growth of AI/ML demand—projected at $20B+ for high-performance computing—amid GPU shortages and $500B public cloud markets dominated by AWS, Azure, and Google.[3] Its timing aligns with decentralized computing trends, Web3 needs for distributed nodes, and the shift to edge AI inference, leveraging 1B+ idle gaming PCs worldwide to disrupt centralized clouds.[1][3][5] By enabling pharma research, hedge funds, and blockchain via consumer hardware, Salad influences the ecosystem toward inclusive, resilient infrastructure, powering Ethereum and emerging AI tools while building the largest decentralized hardware network.[3][6]
Salad is poised to scale its container engine and AI workloads—like transcription and molecular dynamics—targeting explosive inference demand as models proliferate.[1][6] Trends in edge computing, Web3 scalability, and GPU democratization will fuel growth, with expansions into VMs, storage, and P2P gaming amplifying its network effects.[6] Its influence could evolve from crypto enabler to core AI infrastructure player, challenging hyperscalers if it sustains chef engagement and enterprise trust—cementing its role in making high-performance compute accessible to all.[3][5]
Salad Technologies has raised $20.0M in total across 2 funding rounds.
Salad Technologies's investors include Accel, ENIAC Ventures, Great Oaks Venture Capital, Grotech Ventures, Kickstart Fund, Kleiner Perkins, Left Lane Capital, Lightspeed Venture Partners, Moxxie Ventures, Next Play Ventures, Origin Ventures, Sequoia Capital.
Salad Technologies has raised $20.0M across 2 funding rounds. Most recently, it raised $17.0M Series A in March 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2022 | $17.0M Series A | Accel, ENIAC Ventures, Great Oaks Venture Capital, Grotech Ventures, Kickstart Fund, Kleiner Perkins, Left Lane Capital, Lightspeed Venture Partners, Moxxie Ventures, Next Play Ventures, Origin Ventures, Sequoia Capital, Starting Line, Marco DeMeireles, Tony Hawk | |
| Oct 1, 2020 | $3.0M Seed | Grotech Ventures, Kickstart Fund, Origin Ventures |