Longtime tech leaders invest in new startup building billing software for data centers

Internet Backyard, a new startup building billing software for data centers and GPU providers, announced a $4.5 million pre-seed round led by Basis Set Ventures.

The two-month-old company describes itself as a “financial infrastructure layer for the AI compute economy,” aiming to automate the entire order-to-cash process and replace the spreadsheets and manual handoffs that sit between sales, operations and finance.

The company’s first product, called gnomos, is a full-stack platform that helps data center operators and their customers track and charge for GPU and infrastructure usage.

The startup plans to generate revenue by taking a small percentage of the invoice income it helps recover, plus fees on routed payment flow and data licensing. It has a longer-term goal of becoming a data aggregation layer for industry benchmarks and performance metrics.

Other backers include Crucible Capital, Maple VC, Operator Collective, Seattle-based Breakers, and angels including Jay Adelson (Equinix founder), D-Wave founder Geordie Rose (founder of D-Wave and Sanctuary AI) and Ian Crosby (founder of Bench Accounting).

The 5-person company is led by CEO Mai Trinh, a former technical project manager at Sanctuary AI, and CTO Gabriel Ravacci, a recent engineering grad who worked on next-generation AI accelerators at AMD. The startup got off the ground in Vancouver B.C. but is relocating to San Francisco.