Connect with us

Technology

Runpod Raises $100M Led by Summit Partners to Accelerate the AI Developer Cloud

Published

on

NEWARK, N.J., June 24, 2026 /PRNewswire/ — Runpod, the AI Developer Cloud, today announced a $100 million growth investment led by Summit Partners. The round comes on the heels of strong momentum for Runpod, which is now valued at $1.0 billion. The company has more than one million developers building on the platform. The new capital will fund continued investment in the full lifecycle AI development platform those developers depend on to take AI from first experiment to production.

Runpod is the AI developer cloud, offering AI developers a single destination to build. While much of the market has converged on hosted inference, developers use Runpod to experiment, train, fine-tune, run inference, and scale multi-node runs, all from one platform, with a library of models and templates ready from day one. With self-serve access, transparent per-second pricing and no commitment minimums, most developers are running their first workload within an hour of sign-up.

“The market spent the last two years narrowing to inference, but builders need more than that,” said Zhen Lu, CEO of Runpod. “They need one place to take an idea from first experiment to production traffic, without stitching together multiple tools or waiting on a procurement cycle. That is precisely the cloud we are building. This funding lets us build it faster, to serve the next million developers and more.”

The company’s growth underscores both the depth of developer demand and Runpod’s ability to meet the needs of that community. Runpod’s Serverless platform has processed more than 20 billion inference requests to date. Developers stay because the platform earns it. The median time from sign-up to a first running workload is under an hour, more than 90 percent of deployments succeed on the first try, and 85 percent of developers who deploy come back to build more.

Runpod’s customers range from independent AI researchers to teams building and serving frontier models. Deep Cogito built its Cogito v1 family of open models entirely on Runpod. “We trained Cogito v1, a family of models that outperforms size equivalent models from LLaMA and DeepSeek, in 75 days with a small team, entirely on Runpod,” said Drishan Arora, Co-Founder and CEO at Deep Cogito. “The ability to iterate fast on world-class GPU infrastructure without building our own cluster is a genuine competitive advantage.”

The platform continues to gain traction across the open-source community. “It’s easy to see why Runpod has resonated so strongly with the broader machine learning community,” said Julien Chaumond, Cofounder and CTO at Hugging Face. “Accessible, flexible compute is core to how we think about democratizing AI, and Runpod is one of the few companies that understands that.”

With this funding, Runpod will invest in the platform and developer experience, expand the team across engineering and developer relations, and broaden global access for developers wherever they build.

“Developers building with AI today need infrastructure that can keep pace with how fast the technology is moving and the flexibility to go from early experiment to production without switching platforms,” said Michael Medici, a Managing Director at Summit Partners who will join the Runpod Board of Directors. “Runpod has built a platform designed to meet these needs, and in our view, the company’s growth trajectory reflects the team’s strong execution against that vision. We believe Runpod is positioned to become a defining infrastructure platform for the next generation of AI developers, and we look forward to supporting Zhen and the team as they continue to scale.”

 J.P. Morgan Securities LLC acted as Sole Placement Agent to Runpod in connection with the financing. Cooley LLP acted as external legal counsel to Runpod, and Kirkland & Ellis LLP acted as external legal counsel to Summit Partners.

To learn more, visit runpod.io.

About Runpod
Runpod is the AI Developer Cloud. More than one million developers use Runpod to build, train, fine-tune, deploy, and scale AI on one platform, with self-serve access, transparent per-second pricing, and no commit minimums. Learn more at runpod.io.

About Summit Partners
Summit Partners is a leading growth-focused investment firm. Summit invests across growth sectors of the economy and, since the firm’s founding in 1984, has invested in more than 550 companies in technology, healthcare and other growth industries. Summit maintains offices in North America and Europe and seeks to invest in category-leading, profitable growth companies worldwide. For more information, please visit www.summitpartners.com or follow Summit Partners on LinkedIn.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/runpod-raises-100m-led-by-summit-partners-to-accelerate-the-ai-developer-cloud-302808689.html

SOURCE Runpod

Continue Reading

Technology

GEEKOM Launches A5 2027 Edition Mini PC, Built for Productivity That Lasts

Published

on

By

TAIPEI, Sept. 7, 2026 /PRNewswire/ — GEEKOM, a leading global Mini PC brand, is redefining the productivity Mini PC with the launch of the A5 2027 Edition. Designed for all-day productivity, the new A5 combines dependable performance, long-term reliability and flexible expansion in a compact form.

Powered by the 8-core, 16-thread AMD Ryzen™ 7 7730U, the A5 2027 Edition is built for real-world productivity — from running 30+ browser tabs alongside video meetings and large spreadsheets to Photoshop, 2D design and light 4K editing. With up to 64GB of memory, 7TB of storage and four-display support, it gives professionals, creators and small businesses the flexibility to build a workspace around the way they work.

But productivity also depends on how long a PC can be trusted to perform. The A5 2027 Edition uses brand-new SSDs, a reinforced all-metal internal frame and multi-layer motherboard protection, and undergoes 339 validation checks covering durability, aging, thermals and more. Together with flexible memory and storage upgrades, this quality-from-the-inside-out approach gives GEEKOM the confidence to offer a three-year warranty and engineer its PCs for more than five years of service.

Reliability also means being ready when work does not stop. The A5 2027 Edition‘s IceBlast 3.0 cooling system combines a larger silent fan, copper heat pipe and dedicated copper plate to efficiently move heat away from critical components. Better thermal control reduces throttling and long-term heat stress, enabling stable 24/7 operation for offices, retail systems, digital signage and other always-on environments.

The A5 2027 Edition also brings AI into everyday productivity. It can serve as a personal AI assistant for research, writing, content creation and data analysis, while emerging agentic applications can automate more complex, multi-step workflows. With stable, always-on operation, the A5 2027 Edition can keep these AI workflows running in the background when needed — helping users get more done with less hands-on effort.

The A5 2027 Edition brings GEEKOM‘s vision of all-day productivity to life: built to do more, built to keep running and built to last. Best All-Day Productivity Mini PC. Cool・Silent・Stable.

The GEEKOM A5 2027 Edition is available now through GEEKOM‘s official website and Amazon.

View original content to download multimedia:https://www.prnewswire.com/news-releases/geekom-launches-a5-2027-edition-mini-pc-built-for-productivity-that-lasts-302871263.html

SOURCE GEEKOM

Continue Reading

Technology

Real Estate Expert Howard Goldberg Details Coastal Rental and Multifamily Property Ownership in HelloNation

Published

on

By

The article explains how insurance costs, rental rules, maintenance demands, and seasonal changes shape coastal property ownership in South Florida.

FORT LAUDERDALE, Fla., Sept. 7, 2026 /PRNewswire/ — What should buyers know before purchasing a rental property or multifamily property near the beach in South Florida? That question is answered in a HelloNation article featuring expert insights from Howard Goldberg, Real Estate Expert with RE/MAX Consultants Realty 1. The article explores how coastal ownership affects daily routines, responsibilities, and long-term planning.

The article explains that owning rental property near the beach is not only a financial decision, but also a lifestyle commitment. While the scenery and walkability are appealing, owners often face ongoing planning around guests, vendors, weather, and property logistics. Multifamily property introduces additional complexity by increasing the number of tenants and systems that require attention.

One of the first considerations for coastal owners is insurance costs. The article notes that properties close to the ocean usually require flood coverage, wind protection, and higher deductibles. These expenses can rise sharply at renewal and may impact cash flow if not planned for. When multifamily property is involved, one change in policy affects several units, making financial buffers and consistent oversight even more important.

Rental rules also play a major role. The article emphasizes that South Florida cities often have strict requirements related to rental registration, tax accounts, inspections, and short-term rental regulations. In addition, many condo or homeowners associations add further restrictions, including lease minimums, parking limitations, and guest policies. Ignoring rental rules can result in fines or strained relationships with neighbors, making upfront research essential.

The article highlights how maintenance demands increase near the beach. Salt air corrodes materials, humidity stresses systems, and frequent storms challenge the durability of building exteriors. These factors create higher maintenance demands, which can disrupt weekends, stretch budgets, and complicate vendor scheduling, especially when guests are already occupying the property. With multifamily properties, shared infrastructure such as stairways and plumbing stacks can turn small issues into building-wide concerns.

While property management can reduce some of the daily involvement, it does not eliminate the need for owner participation. The article clarifies that owners must still review budgets, approve decisions, and respond quickly in case of emergencies. In South Florida, unexpected weather events or access issues may require urgent attention, regardless of whether a manager is in place.

The article also explores how personal use of a rental property presents challenges. Owners often want to reserve time for themselves, especially during peak seasons. However, holding dates back may reduce income, and using the property personally changes how it’s maintained and perceived. For multifamily properties, reserving one unit while others are booked may create inconsistencies that need clear policies to manage.

Seasonal changes also affect both income and operations. The article explains that winter often brings high demand but fast turnover, while summer may involve slower bookings and the need for more promotion. Owners should plan for vacancy periods, higher utility use, and variable staffing needs. Backup vendors for cleaning and repairs become important, particularly in larger properties with multiple units.

Before purchasing a rental property in South Florida, buyers are encouraged to weigh their time availability and risk tolerance against the demands of ownership. Understanding insurance costs, rental rules, and maintenance demands helps determine whether the lifestyle will feel rewarding or overwhelming.

Owning Rental or Multifamily Property Near the Beach: Lifestyle Considerations in South Florida features insights from Howard Goldberg, Real Estate Expert of Fort Lauderdale, FL, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/real-estate-expert-howard-goldberg-details-coastal-rental-and-multifamily-property-ownership-in-hellonation-302870359.html

SOURCE HelloNation

Continue Reading

Technology

Hyosung Chairman Cho Hyun-Joon targets U.S. AI power market with 22.9kV SST

Published

on

By

World’s first 22.9kV Solid State Transformer (SST) developed, securing a competitive edge with next-generation technology.Completed local production bases for transformers and breakers in the U.S., cementing its position in the American power equipment market.

SEOUL, South Korea, Sept. 7, 2026 /PRNewswire/ — With the advent of the artificial intelligence (AI) era, optimizing power supply networks has emerged as a critical global challenge. In the United States, the surge in power demand driven by the proliferation of AI and data centers, coupled with the need to replace aging grid infrastructure, is driving large-scale investment in power infrastructure.

Anticipating these transformative shifts in the power market, Hyosung Chairman Hyun-Joon Cho has spearheaded proactive investments to meet the demands of the AI and data center era. These investments are now supporting Hyosung Heavy Industries’ efforts to strengthen its position in the U.S. AI and data center power market.

“Driven by the expansion of AI and data centers, power infrastructure has now become a core industry directly linked to national security,” stated Chairman Cho. “Building on Hyosung Heavy Industries’ U.S. manufacturing facilities and technological prowess, we must establish ourselves as an irreplaceable, essential long-term partner in stabilizing the American power grid.”

Hyosung Heavy Industries plans to accelerate its push into the U.S. AI data center power market by combining next-generation grid technologies with its U.S. manufacturing base and established strengths in power equipment, including ultra-high-voltage transformers and circuit breakers.

Pioneering Next-Generation 22.9kV SST Technology

Hyosung Heavy Industries identified the Solid State Transformer (SST) as an indispensable technology for power transmission and distribution in the AI era, initiating preemptive research and development. In 2022, the company successfully developed the world’s first 22.9kV 1.05MVA-class SST capable of direct connection to urban distribution networks. This milestone secured a competitive advantage in next-generation power conversion technology, strengthening the company’s position as it moves to capture emerging market opportunities.

SST is a next-generation power system that utilizes power semiconductors to precisely control voltage and current while maintaining the insulation functions of conventional transformers. It is considered a field with high technological barriers to entry, demanding sophisticated power control capabilities. According to global market research firms, the global SST market is projected to grow at an average annual rate of more than 40%, supported by the modernization of power infrastructure. The large-capacity SST market for data centers handling high voltages of 22.9kV and above is in its nascent stages, with only a limited number of companies worldwide pursuing commercialization and demonstration projects. With the market still in its early stages, Hyosung Heavy Industries plans to accelerate its efforts to secure an early-mover position based on its advanced technology.

Expanding U.S. Manufacturing and Strategic Partnerships

Hyosung Heavy Industries is continuously expanding its ultra-high-voltage transformer production base. The company has invested a total of USD 300 million in the acquisition and expansion of its ultra-high-voltage transformer manufacturing facility in Memphis, Tennessee. Once the ongoing expansion is completed, the company will secure one of the largest ultra-high-voltage transformer production capacities in the United States.

Furthermore, Hyosung Heavy Industries has established a joint venture with Quanta Services, a leading North American energy infrastructure solutions company, to locally produce 72.5kV to 800kV ultra-high-voltage circuit breakers in Pennsylvania. Through this strategic move, Hyosung becomes the first Korean power equipment manufacturer to secure local production capabilities for both ultra-high-voltage transformers and circuit breakers in the U.S. market.

Quanta has an extensive business presence and customer network across the United States, providing infrastructure solutions for large-scale power demand facilities.

By leveraging Quanta’s industry-leading infrastructure solutions and Hyosung’s world-class technological expertise, the company aims to strengthen its competitive edge. Hyosung Heavy Industries aims to establish itself as a key player in the data center power infrastructure market by integrating its accumulated technological prowess, its robust U.S. local production base, and next-generation power grid technologies such as SST, Energy Storage Systems (ESS), STATCOM, and High Voltage Direct Current (HVDC) systems.

Website: https://www.hyosung.com/en/

View original content to download multimedia:https://www.prnewswire.com/news-releases/hyosung-chairman-cho-hyun-joon-targets-us-ai-power-market-with-22-9kv-sst-302871204.html

SOURCE HYOSUNG CORPORATION; Hyosung Heavy Industries

Continue Reading

Trending