Compute marketplace Ornn has raised a $33 million seed led by a16z crypto, turning raw GPU power into a commodity that can be priced, bought and sold on an open market.

Its first product, Ornn Compute, pools dedicated GPU capacity from several neoclouds into one platform, with a single onboarding flow and a secondary market where capacity can be transferred or sublet on demand.

Backers include a16z crypto (lead), Galaxy Ventures and SV Angel. Ornn also runs the OCPI price index, the benchmark ICE is using to launch its own GPU compute futures.