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Mithril

Omnicloud platform for multi-cloud AI compute

Overview

Mithril builds an AI omnicloud platform that aggregates multi-cloud GPUs, CPUs, and storage into a single virtual pool to run distributed AI workloads. Access is through a unified interface (REST API, CLI, and Python SDKs), with options to run jobs at market rates, bid for interruptible spot capacity, or reserve resources at real-time prices. It differentiates itself by spanning multiple providers to create a transparent AI compute market and by offering a managed batch inference service to improve cost-per-task for large AI jobs. The goal is to make AI infrastructure flexible and broadly accessible, turning rigid compute into a fluid, universally usable resource for researchers, startups, and large organizations.

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About Mithril

Simplify's Rating
Why Mithril is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsHardwareEnterprise SoftwareAI & Machine Learning

Company Size

11-50

Company Stage

Series A

Total Funding

$80M

Headquarters

Palo Alto, CA

Founded

2017

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Simplify's take

What believers are saying

  • Mithril launched B200 GPUs on Spot in 2026, expanding premium capacity.
  • The June 8, 2026 SkyPilot partnership widens distribution to existing ML workflows.
  • Customers already run 10,000+ GPU-hours daily, proving usage depth and retention.

What critics are saying

  • AWS, Azure, and GCP can bundle similar GPU marketplaces and crush margins.
  • SkyPilot integration from June 8, 2026 weakens switching costs and commoditizes orchestration.
  • NVIDIA supply concentration and B200 dependence expose Mithril to sudden capacity shocks.

What makes Mithril unique

  • Mithril unifies AWS, Azure, GCP, and bare-metal GPUs behind one pricing layer.
  • Its Batch Inference API and Flow SDK target high-throughput AI workloads directly.
  • Arc Institute, LG AI Research, and Broad Institute validate real research demand.

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Funding

Total Funding

$80M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
$15M
$30M
$60M

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Paid Vacation
  • Paid Holidays

Growth & Insights and Company News

6 month growth

-4%

1 year growth

-4%

2 year growth

-9%
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Business Wire
Mar 22nd, 2024
Foundry Raises $80 Million in Seed and Series A Funding to Build a New Breed of Public Cloud

Today, Foundry, a new breed of public cloud for AI/ML workloads, announced $80M in seed and Series A funding to orchestrate the world’s compute capaci

Business Wire
Mar 21st, 2024
Foundry Raises $80 Million In Seed And Series A Funding To Build A New Breed Of Public Cloud

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Muus Collective Announces Participation In The Inaugural Web3 Music Accelerator Program With Warner Music Group And Polygon Labs To Power The Next Great Evolution Of The Music Industry Through Blockchain Technology

LOS ANGELES, Feb. 1, 2024 /PRNewswire/ -- Muus Collective, Inc. ("Muus"), an entertainment studio creating experiences that span mobile games and digital collectibles, announced today that they are the recipient of the groundbreaking Web3 Music Accelerator program led by Warner Music Group (Nasdaq: WMG), the global music and entertainment company, and Polygon Labs , a growth and development team in support of the Polygon network. The program, announced this summer , aims to power the next generation of innovation at the intersection of Web3 and music. Polygon Labs and WMG have selected Muus Collective and MITH for the Accelerator, two projects building the future of the music x Web3 ecosystem on the Polygon network.Muus Collective has created a playable platform for engagement, inspiration, and connection. Post this Muus Collective LogoMuus Collective , founded by Sarah Fuchs and Amber Bezahler , brings together like-minded communities over a love of style

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