According to Bloomberg, 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, led jointly 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 also disclosed that it has signed a six-year, $10 billion cloud services contract with an unnamed leading AI developer. This contract will be delivered in collaboration with Bitdeer, leveraging 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.
AI cloud infrastructure firm Volta Infra raises $300M in venture financing, valued at $2.4B
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Summary
AI and crypto news broke late Tuesday as Volta Infra announced a $300 million risk financing round, pushing its valuation to $2.4 billion. Andreessen Horowitz and Altimeter Capital co-led the round, with NVIDIA and Michael Dell also participating. Volta gained access to a $5 billion financing pool designed for small and medium AI firms to secure NVIDIA’s chips. The company signed a $10 billion, six-year cloud agreement with an unnamed leading AI developer, to be hosted in Norway by Bitdeer. Founded by former Brookfield executives, Volta currently operates 1 gigawatt of data center power and aims to expand in Texas and Wyoming, targeting multi-gigawatt capacity by 2030.
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