AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnership
AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnership Aug 4 (Reuters) - Volta Infra, a seven-month-old AI infrastructure startup, said it raised funds at a $2.4 billion valuation and landed a $10 billion contract with an unnamed AI company to provide cloud-computing services in Europe alongside Bitdeer Technologies BTDR.O.
The startup has also launched a $5 billion AI infrastructure program with asset manager Azora to finance AI "factories," it said in a statement on Tuesday.
Here are some details:
Bloomberg News reported that the Nvidia-backed Volta's $10 billion cloud contract is with Anthropic, citing people familiar with the matter.
Reuters has not been able to independently verify the report.
The six-year agreement covers computing capacity at a data center operated by crypto mining firm Bitdeer in Norway with 133 megawatts of capacity powered by Nvidia's Vera Rubin chips, the report said.
Anthropic declined to comment and Volta did not immediately respond to a Reuters request for comment.
AI companies have been spending heavily on computing infrastructure needed to run large language models.
Volta said the Norway project is the first in a development pipeline exceeding one gigawatt of near-term power capacity across North America and Europe.
The startup raised $300 million in a seed round and Series A financing, the Bloomberg report said.
The rounds were led by Azora, Andreessen Horowitz, Altimeter and Nvidia, Volta said.
Anthropic has signed a series of computing and investment agreements with companies including SpaceX SPCX.O, Advanced Micro Devices AMD.O, Microsoft MSFT.O, Nvidia NVDA.O, Alphabet GOOGL.O, Amazon.com AMZN.O and Micron Technology MU.O.
(Reporting by Anzar Mehraj in Bengaluru; Editing by Sahal Muhammed)
((Anzar.Mehraj@thomsonreuters.com;))