← Back to browse

JSX Exchange

by Andrew Grznovvia Nathan Latka Podcast
See all Marketplace companies using other →
Growthother

JSX Exchange is a cloud computing commodity exchange founded by Andrew Grznov, aiming to let buyers trade and hedge cloud server capacity by connecting them with European data center suppliers' surplus space. The company is at pre-seed stage, has raised less than a million dollars from one Irish investor, and has a five-person co-founder team. The source contains no revenue or customer traction figures.

Why They Built It

Andrew believes computation will become a more valuable resource than oil and gas, and that it should be traded like other commodities. JSX Exchange aims to fully commoditize cloud computation so buyers can compare prices on an exchange order book and use hedging and speculative trades.

Similar Companies

G2

$5.0M/mo

G2 is a leading business software review website and marketplace founded in 2012 by Godard Abel. The company has scaled to over 500 employees and raised $257 million in capital, achieving unicorn status at a $1.1 billion valuation. G2 generates over $5 million in MRR today and targets $100 million in ARR next year through its core G2 Marketing Solutions for vendors, plus complementary products like G2 Track (SaaS spend management) and G2 Deals (marketplace procurement).

Hive Blockchain

$2.5M/mo

Hive Blockchain is a digital currency mining company founded by Harry Pochgranti that validates cryptocurrency transactions on blockchain networks, primarily Ethereum. The company went public on the TSX Venture Exchange in September 2017, raising $17 million on day one followed by additional equity raises totaling approximately $200 million Canadian by end of 2017. As of Q1 2018, Hive operates mining facilities in Iceland and Sweden with a $30 million annualized run rate revenue.

FreshConnect

$2.5M/mo

FreshConnect was an online B2B marketplace for fresh agricultural produce that achieved ₹2.5M MRR (₹25M ARR) through offline sales and WhatsApp-based customer engagement, but failed to scale due to poor hiring decisions, lack of focus, insufficient capital, and inability to raise external funding. Co-founder Tarun Gupta and his team eventually accepted an acqui-hire deal after 19 months of full-time work, during which the startup burned ₹100,000-150,000 monthly while bootstrapped.

Collective

$1.0M/mo

Collective raised $50M in funding to compete with HR and business management platforms like Rippling and ZenBusiness. The company has achieved approximately $1M MRR, indicating strong product-market fit and growth trajectory in the HR/business operations space.

Event SaaS

$500k/mo

Event SaaS is a SaaS platform that has achieved significant growth, reaching $6M in annual recurring revenue with 100% year-over-year growth. The company raised $28M in funding at a $128M valuation, demonstrating strong market traction and investor confidence.