Pluto said its DCM and DCO applications were deemed materially complete by the CFTC, but the business still depends on final regulatory approval before launch.
SourcePublic company, workplace, funding, and market signals
Updated Jul 30, 2026
Pluto (tradestrike.app, formerly Strike) is a YC Winter 2025 startup building a CFTC-regulated derivatives exchange for AI infrastructure/compute. Its public pitch is to make compute and memory tradeable like commodities, starting with standardized GPU contracts and a compute price index. Public sources conflict on some basics, but YC’s company page is the strongest source for the current company identity, founder set, and New York base.
Primary product
CFTC-regulated derivatives exchange for AI infrastructure / compute
Founded
2024
Headquarters
New York City, New York, United States
Team size
1-10
Work style
Flexible
Industry
Securities and Commodity Exchanges
Sub-industry
AI infrastructure derivatives exchange
Offices
Business model
Stage
seed
Total raised
$3M
Latest round
Seed · Feb 2026
Latest amount
$3M
Feb 2026
Leadership
Chief Executive Officer
Co-Founder
Chief Operating Officer & Head of Trading
Public Director
Public Director
Investors
Stealth-mode, high-ownership, technical and compliance-heavy team culture focused on building regulated market infrastructure with direct founder involvement. Hiring language emphasizes speed, product intuition, and the ability to work on core exchange and infrastructure systems.
Work style
Flexible
Visa sponsorship
Limited
Compensation
Public job posts show strong equity packages and high base pay: Senior Software Engineer at $250K-$300K base plus 0.50%-1.00% equity, Head of Strategic Finance at $200K-$250K base plus 0.50%-1.00% equity, and Head of Compute Sales at $150K-$200K base plus 0.10%-0.30% equity plus commission.
Benefits
Pricing
Transaction fees / commissions on trades and exchange activity.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$770K ARR (estimated)
Pluto said its DCM and DCO applications were deemed materially complete by the CFTC, but the business still depends on final regulatory approval before launch.
SourceOKReporter · Apr 2026
A profile of Pluto’s thesis: treating compute and memory as commodities with clearer benchmarks, tradable contracts, and regulated market structure.
DeFi Rate · Feb 2026
Explains Pluto’s PMEX Markets / PMEX Clearing CFTC filings and says the company is focused on commoditizing AI infrastructure, starting with GPUs and compute.
Forbes · Feb 2026
Profiles Pluto (formerly Strike) as a compute-focused prediction/derivatives startup and reports a $3M seed round.
HUGE Magazine · Jan 2026
Describes Pluto as a regulated derivatives exchange for compute and discusses the regulatory and liquidity challenges ahead.