The Ledger
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Ross: GridMarkets cuts rendering turnaround from months to hours
“We serve studios who make movies, animations, and special effects, and they would use our service to submit what's called rendering and simulation, which is a very computationally intensive application, and through a button that they can push in their applicat…”
Ross: Roughly 80% of Global HPC Servers Sit Powered and Idle
“So today there are roughly 80% of the high performance computing servers that are in the world are not being used. They're idle. They're electrified. They're racked and stacked, but they're just sitting there waiting for something to come to them.”
Ross: GridMarkets Requires No SLAs or Machine Commitments from Compute Suppliers
“It's an arrangement that really does not require a service level agreement with our suppliers. It doesn't require any commitment for them to provide us any, you know, specific amount of machines. The reason for that is we've built a grid, so if one supplier's …”
Ross: GridMarkets processes over 1M credit hours monthly
“Well, we've I would say we're in the probably just over the millions, million mark at the moment.”
Ross: Rendering a standard 1-minute ad requires ~100 servers for 3–4 days
“A typical job will take probably around a hundred machines working potentially over a three to four day period. And that, that configuration would produce a typical advertisement. So, you know, maybe, maybe a minute long, or maybe a bit longer than that.”
Ross: Major animated films require millions of compute hours to render
“When you get into large animations, like the ones that Disney and other movies studios produce, you're literally talking about millions of computer hours that are needed to produce those kinds of movies.”
Ross: GridMarkets charges about $1.60 per credit hour
“So after that, right now, we're offering credit hours at around a dollar 60 US per credit per, per credit hour, excuse me.”
Mark Ross: GridMarkets Backed by 10 Angels from Major Financial Firms
“My partner and I have put money into the company, and we've had 10 angels invest in the company, and these are pretty noteworthy people from senior, senior level positions in financial services companies including Goldman Sachs, Bank of America. Here in San Fr…”
GridMarkets is seeking to raise a $2 million funding round
“So we're right now we're coming out with another round where we're looking to raise two million and we're looking for either, you know, a couple high net worth individuals who think you know, the concept that we're doing.”
GridMarkets has raised roughly $1 million from founders and angels
“We've raised roughly a million thus far from our own funding and from the angel investors that I've mentioned.”