Silicon Data has raised $30.5 million to build GPU pricing benchmarks. The company said the funding will be used to develop the benchmarks, which are meant to track the cost of graphics processing units.
Silicon Data's funding round
The $30.5 million round was announced without naming investors. Silicon Data plans to use the money to build the benchmarks, which could provide a standard reference for GPU prices.
CME's GPU futures
CME Group is preparing to launch cash-settled GPU futures contracts on NYMEX in October. The contracts will settle in cash, meaning no physical delivery of GPUs will take place.
The launch is set for October. Whether Silicon Data's benchmarks will be used in the futures contracts is not clear.
