Snowcap Compute, a startup building the first commercially viable superconducting compute platform, launched with $23 million in seed funding led by Playground Global. Engineered for extreme performance and energy efficiency, Snowcap's architecture enables a new class of data centers optimized for AI, quantum, and high-performance computing (HPC).

Joining Playground in this seed round are Cambium Capital, which specializes in compute and deep tech investments, and Vsquared Ventures, a European firm with a strong track record in international semiconductor investing.