Permian Labs was founded in 2021 by David Choi, Conor Moore, and Ivan Sergeev and has raised $25M in funding from prominent venture capital funds such as DCG, Dragonfly, Ethereal, Metaversal, Nascent, Caladan, Alliance, Delphi, Fintech Collective, and others. Since inception, Permian Labs has facilitated $400M in loan volume. Permian’s hardware infrastructure arm, Tactical Compute, actively operates $60M in compute-oriented hardware globally.