**[Ornn Completes $33 Million Seed Round Financing, Led by a16z Crypto]** BlockBeats News, June 24: Compute market infrastructure company Ornn announced the completion of a $33 million seed round financing, led by a16z Crypto, with participation from Galaxy Ventures, Nordstar, and SV Angel. Vine Ventures, Crucible Capital, Link Ventures, and Box Group continued their support. Ornn stated that mature commodity markets first require reliable pricing data, with price discovery subsequently enabling risk transfer, which in turn supports more efficient capacity allocation. The company has introduced OCPI, a transaction-based compute power index designed to provide a unified and trustworthy price benchmark for the compute market that can be used for settlement. Partners such as ICE can facilitate risk transfer by directly referencing OCPI for futures and options contracts. Additionally, Ornn announced the launch of Ornn Compute, a physical capacity layer for the compute market. This platform aggregates dedicated GPU capacity from multiple neoclouds into a single platform, offering a unified access process, a secondary transfer market, and on-demand subleasing functionality. Operators can secure diversified demand from multiple tenants through a single take-or-pay contract, while buyers can review the site, hardware configuration, and terms of the clusters they reserve. The platform aims to transform dedicated GPU capacity into a liquid asset and enable the utilization of previously idle capacity. [Original Link]