I’m beyond excited to finally announce @netbackyard We’ve raised $4.5M pre-seed to build the financial backbone of the global compute economy, starting with billing for data centers. Every day, $1.2B flows into compute, almost entirely debt-financed. AI is surpassing every
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80% of data centers experience recurring billing disputes. Billions in revenue leak. Cash gets stuck for 45–120 days. GPU clouds and colocation providers stitch together quotes, PDFs, CRMs, ERPs, and human reconciliation just to get paid. AI companies can’t forecast or finance
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Compute is becoming a strategic asset class but there are no standardized financial objects. No benchmarks. No neutral rails. No markets. Just critical infrastructure built on outdated tooling.
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Our first product, gnomos, is already in testing with AxiNorth data center. It automates quoting, usage metering, billing, payments, and dispute resolution, the full order-to-cash cycle for the AI era. https://t.co/BRWxxsuNb0
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This is only Phase 1. From here, we extend into private indices, underwriting rails, and eventually the settlement and market infrastructure compute has been missing.
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Shout out to our investors @BasisSet @MapleVCFund @CrucibleCap @OpCo_VC @breakersvc and our angels @jayadelson @ianwcrosby @realgeordierose for believing in us since day 1
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@iamminesoc @netbackyard Very cool. STANDARDizng crude OIL created one of the biggest companies in history. Could see the same for flops
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@iamminesoc @netbackyard AI is growing faster than the financial tools under it, your timing couldn’t be better. Keep building, ai is a classic opportunity rn
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