POPA ReconLiquid Compute Exits Stealth With $15M Seed Round
Liquid Compute Exits Stealth With $15M Seed Round Liquid Compute emerged from stealth with a $15 million seed round, unveiling plans to build the first CFTC-regulated orderbook for trading compute. The startup has pending applications before the CFTC for Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) status, aiming to run a regulated venue for both cash and physically settled compute contracts. Its thesis is that compute behaves like electricity rather than oil, heterogeneous and impossible to store, so it is building a short-term spot market to underpin a cash-…
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