General Compute announced the completion of a $100 million Series A funding round, led by Blackbird Ventures and Abstract Ventures, bringing the company's post-money valuation to $800 million. The company focuses on building cloud services using specialized inference chips outside the NVIDIA ecosystem. It previously secured a $400 million chip procurement agreement with SambaNova and has added Positron and Cerebras as chip suppliers. This move aims to address current market concerns about potential consolidation and recession in the "new cloud" sector.