Skip to content
Slow Variables
Ask

Stack / Serving & orchestration / sub-layer 14

Inference serving

Indicators

Inference-layer revenue run-rates
emerging
$800Mas of 2026-05-31

Venture flow

Inference serving: primary-round equity by quartereach segment links to its first round's record
Form D filings

Primary-round equity per calendar quarter: Form D amount sold where the entity files, Epoch's press-compiled rounds where the entity has no filing in the same quarter or within 45 days. Amendments replace their originals; SPVs and secondaries are excluded; Form D debt is listed in the table, not drawn.

Derived (venture_dollars_by_source) from: SEC EDGAR Form D (private offerings). SEC EDGAR Form D data sets.

The numbers
quartersourcekinddollarsrecord
Q2 2026Form D filingsequity$1.5Breported
Q3 2025Form D filingsequity$59.7Mreported
Q4 2023Form D filingsequity$18.5Mreported
Q2 2023Form D filingsequity$48.9Mreported

Entities · 43

EntityRoleSinceVerifiedLatest observation
Aethir
Market map: dallasvc_inference_map (dallas_inference: clusters / decentralized-DePIN), read 28 Sep 2026
primary—○ not yetnone
Akash Network
Market map: dallasvc_inference_map (dallas_inference: clusters / decentralized-DePIN), read 28 Sep 2026
primary—○ not yetnone
Anyscale
Agreed to be acquired by Nscale, 30 Jul 2026 (Nscale); closing tied to Nscale's IPO.; Market map: dallasvc_inference_map, read 28 Sep 2026
primary—○ not yetnone
AppleCIK 0000320193
Market map: dallasvc_inference_map (dallas_inference: clusters / edge & on-device), read 28 Sep 2026
primary—○ not yet$245B · cost_of_revenue.fy · 2026-09-26
BasetenCIK 0001865393
Serving first, then continual-learning infrastructure (v2 Appendix D): Baseten, Powering Inference for the Continual Learning Era, 27 May 2026.; Market map: dallasvc_inference_map, read 28 Sep 2026
primary—● yes2.00 rung · rung.pt · 2026-06-25
Beam Cloud
Market map: dallasvc_inference_map (dallas_inference: clusters / independent neoinference), read 28 Sep 2026
primary—○ not yetnone
Cerebrium
Market map: dallasvc_inference_map (dallas_inference: clusters / independent neoinference), read 28 Sep 2026
primary—○ not yetnone
Databricks
Market map: dallasvc_inference_map (dallas_inference: clusters / hyperscaler-managed), read 28 Sep 2026
primary—○ not yetnone
DeepInfra
Market map: dallasvc_inference_map, read 28 Sep 2026
primary—○ not yetnone
Doubleword
Own site doubleword.ai, read 5 Oct 2026: Sells inference on open models priced by urgency, with cheap batch and delayed tiers as the main offer. Found in the Part 39 search for the map's empty parts and kept by the staff review.
primary—○ not yetnone
Edge Impulse
Market map: dallasvc_inference_map (dallas_inference: clusters / edge & on-device), read 28 Sep 2026; Acquired by Qualcomm, March 2025 (Qualcomm release)
primary—○ not yetnone
Edgeless Systems
Market map: dallasvc_inference_map (dallas_inference: clusters / confidential-private), read 28 Sep 2026
primary—○ not yetnone
Embedl
Own site embedl.com, read 5 Oct 2026: Sells tools that compress, quantise and compile AI models for specific edge hardware. Edge hardware rather than data-centre accelerators. Found in the Part 39 search for the map's empty parts and kept by the staff review.
primary—○ not yetnone
fal.ai
Market map: dallasvc_inference_map (dallas_inference: gateway / marketplaces), read 28 Sep 2026
primary—○ not yetnone
Fastly
Market map: dallasvc_inference_map (dallas_inference: clusters / edge & on-device), read 28 Sep 2026
primary—○ not yetnone
Featherless
Market map: dallasvc_inference_map (dallas_inference: clusters / independent neoinference), read 28 Sep 2026
primary—○ not yetnone
Fireworks
Market map: dallasvc_inference_map, read 28 Sep 2026
primary—○ not yet$1.0B · revenue_run_rate_usd.pt · 2026-07-16
Friendli
Market map: dallasvc_inference_map (dallas_inference: clusters / independent neoinference), read 28 Sep 2026
primary—○ not yetnone
Gensyn
Market map: dallasvc_inference_map (dallas_inference: clusters / decentralized-DePIN), read 28 Sep 2026
primary—○ not yetnone
Hyperbolicprimary—○ not yetnone
IBM
Market map: dallasvc_inference_map (dallas_inference: clusters / hyperscaler-managed), read 28 Sep 2026
primary—○ not yetnone
Inferact
Market map: neolabs_fyi (neolabs_fyi: Inference — Open source), read 28 Sep 2026; neolabs.fyi research area: Inference — Open source
primary—○ not yet$800M · post_money_usd.pt · 2026-09-28
Inferless
Market map: dallasvc_inference_map (dallas_inference: clusters / independent neoinference), read 28 Sep 2026; Acquihired by Baseten, early 2026 (Baseten blog)
primary—○ not yetnone
io.net
Market map: dallasvc_inference_map (dallas_inference: clusters / decentralized-DePIN), read 28 Sep 2026
primary—○ not yetnone
Latent AI
Own site latentai.com, read 5 Oct 2026: Sells a software kit that optimises and deploys machine-learning models for particular edge devices. Edge and defence focus; optimisation is one module of a wider edge platform. Found in the Part 39 search for the map's empty parts and kept by the staff review.
primary—○ not yetnone
Modular
Market map: dallasvc_inference_map (dallas_inference: engines / commercial), read 28 Sep 2026
primary—○ not yetnone
Neuralwatt
Own site neuralwatt.com, read 5 Oct 2026: Sells an inference API and data-centre software that measure and reduce the energy used per request. Found in the Part 39 search for the map's empty parts and kept by the staff review.
primary—○ not yetnone
Novita
Market map: dallasvc_inference_map, read 28 Sep 2026
primary—○ not yetnone
Ollama
Market map: dallasvc_inference_map (dallas_inference: clusters / edge & on-device), read 28 Sep 2026
primary—○ not yetnone
Phala Network
Market map: dallasvc_inference_map (dallas_inference: clusters / confidential-private), read 28 Sep 2026
primary—○ not yetnone
RadixArk
Market map: neolabs_fyi (neolabs_fyi: Inference — Open source, Training infra / tooling), read 28 Sep 2026; neolabs.fyi research area: Inference — Open source, Training infra / tooling
primary—○ not yet$400M · post_money_usd.pt · 2026-09-28
Render Network
Market map: dallasvc_inference_map (dallas_inference: clusters / decentralized-DePIN), read 28 Sep 2026
primary—○ not yetnone
ReplicateCIK 0001984806
Market map: dallasvc_inference_map, read 28 Sep 2026
primary—● yes$40.0M · offering_amount_usd.pt · 2023-06-28
RunPodCIK 0002002761
Market map: dallasvc_inference_map, read 28 Sep 2026
Latest rounds led by Summit Partners
primary—● yes$240M · revenue_run_rate_usd.pt · 2026-06-24
Simplismart
Market map: dallasvc_inference_map (dallas_inference: clusters / independent neoinference), read 28 Sep 2026
primary—○ not yetnone
The Token Company
Own site thetokencompany.com, read 5 Oct 2026: Sells an API that shrinks prompts before they reach the model while keeping the meaning. Found in the Part 39 search for the map's empty parts and kept by the staff review.
primary—○ not yetnone
Tinfoil
Market map: dallasvc_inference_map (dallas_inference: clusters / confidential-private), read 28 Sep 2026
primary—○ not yetnone
Together
Market map: dallasvc_inference_map, read 28 Sep 2026
primary—○ not yet$1.1B · annual_bookings_usd.pt · 2026-06-30
Cerebras
Market map: dallasvc_inference_map, read 28 Sep 2026
secondary—○ not yet$20.0B · contract_usd.pt · 2026-04-17
Groq
Market map: dallasvc_inference_map, read 28 Sep 2026
secondary—○ not yet$90.0M · revenue_usd.fy · 2024-12-31
Predibase
Market map: dallasvc_inference_map, read 28 Sep 2026
secondary—○ not yetnone
SambaNova
Market map: dallasvc_inference_map, read 28 Sep 2026
secondary—○ not yetnone

Seed lists come from the capture brief and are verified against filings one by one. A name here is not a claim about size or funding until an observation attaches.