AI cloud infrastructure firm Volta Infra completes $300 million funding round

icon MarsBit
Share
This is the logo of the coin.
NVDA
----
This is the logo of the coin.
BTC
$62,876.30-1.07%
This is the logo of the coin.
ETH
$1,879.83-0.58%
AI summary iconSummary
AI and crypto news broke as Volta Infra Holdings closed a $300 million funding round, valuing the company at $2.4 billion. Andreessen Horowitz and Altimeter Capital co-led the round, with NVIDIA and Michael Dell also participating. Volta secured a $5 billion customer financing pool to help SMEs in AI access NVIDIA’s high-end chips. The company announced a $10 billion, six-year cloud computing contract with a leading AI developer, hosted at Bitdeer’s data center in Norway. Founders Ricard Boada and Sofia Gumuzio have secured 1 gigawatt of data center power, with plans to expand in Texas and Wyoming. The project funding news underscores Volta’s goal to deploy multi-gigawatt capacity by 2030.

Huo Xing Cai Jing reports that AI cloud infrastructure company Volta Infra Holdings has announced the completion of a $300 million venture funding round, valuing the company at $2.4 billion. The round was co-led by Andreessen Horowitz and Altimeter Capital, with participation from NVIDIA and Dell Technologies founder Michael Dell. Additionally, Volta has secured a $5 billion customer financing pool to help small and medium-sized AI companies lower the barrier to purchasing NVIDIA’s high-end chips. The company has also disclosed a six-year, $10 billion cloud services contract with an unnamed leading AI developer, which will be delivered in collaboration with Bitdeer using its 133-megawatt data center in Norway. Volta was co-founded earlier this year by former Brookfield Asset Management infrastructure executives Ricard Boada and Sofia Gumuzio. The company has already secured 1 gigawatt of data center power capacity and plans to develop new sites in Texas and Wyoming, aiming to deploy multiple gigawatts of computing capacity by 2030.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.