⚙️Snowcap Bets on Superconductors to Reinvent AI Infrastructure
Snowcap Compute has raised $23M in seed funding to build superconducting chips that could dramatically outperform today’s silicon-based AI hardware. The round was led by Playground Global, with participation from Cambium Capital and Vsquared Ventures. Their goal: solve AI’s growing power problem with a fundamentally different architecture.
⚙️Cryogenic chips with radical efficiency gains • Uses niobium titanium nitride to enable near-zero resistance at cryogenic temps • Promises up to 25× better performance per watt vs. current AI chips • Designed to work in tandem with industrial cooling systems for total energy savings
📈Early momentum and heavyweight backers • Led by former Cadence executive Michael Lafferty, with PhDs from Northrop and Imec • Backed by Pat Gelsinger (former Intel CEO), now a GP at Playground • First chip expected in 2026, with system builds to follow
🌐A bold shift beyond Moore’s Law • Targets hyperscale data centers strained by Nvidia-powered compute demand • Compatible with 300mm fabs—easing future manufacturing scale • Materials sourced from Brazil and Canada to support global supply chain
Snowcap isn’t chasing incremental gains—it’s betting on a new paradigm where superconductors make AI compute radically faster and cleaner.
⚙️Snowcap Bets on Superconductors to Reinvent AI Infrastructure
Snowcap Compute has raised $23M in seed funding to build superconducting chips that could dramatically outperform today’s silicon-based AI hardware. The round was led by Playground Global, with participation from Cambium Capital and Vsquared Ventures. Their goal: solve AI’s growing power problem with a fundamentally different architecture.
⚙️Cryogenic chips with radical efficiency gains • Uses niobium titanium nitride to enable near-zero resistance at cryogenic temps • Promises up to 25× better performance per watt vs. current AI chips • Designed to work in tandem with industrial cooling systems for total energy savings
📈Early momentum and heavyweight backers • Led by former Cadence executive Michael Lafferty, with PhDs from Northrop and Imec • Backed by Pat Gelsinger (former Intel CEO), now a GP at Playground • First chip expected in 2026, with system builds to follow
🌐A bold shift beyond Moore’s Law • Targets hyperscale data centers strained by Nvidia-powered compute demand • Compatible with 300mm fabs—easing future manufacturing scale • Materials sourced from Brazil and Canada to support global supply chain
Snowcap isn’t chasing incremental gains—it’s betting on a new paradigm where superconductors make AI compute radically faster and cleaner.
For some time, Mr. Durov and a few dozen staffers had no fixed headquarters, but rather traveled the world, setting up shop in one city after another, he told the Journal in 2016. The company now has its operational base in Dubai, though it says it doesn’t keep servers there.Mr. Durov maintains a yearslong friendship from his VK days with actor and tech investor Jared Leto, with whom he shares an ascetic lifestyle that eschews meat and alcohol.
What Is Bitcoin?
Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.” Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. That’s by design: Core to their decentralized nature, Bitcoins aren’t backed by the government or any issuing institution, and there’s nothing to guarantee their value besides the proof baked in the heart of the system. “The reason why it’s worth money is simply because we, as people, decided it has value—same as gold,” says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.
