Fluidstack, a startup that builds specialized data centers for AI companies, is in talks to raise a $1 billion round at an $18 billion valuation. This would more than double the company's valuation from its previous fundraising round of $7.5 billion. The new funding round could be led by Jane Street, according to Bloomberg reports.
Fluidstack has been making waves in the AI industry with its custom-built data centers for companies like Anthropic, which signed a $50 billion deal with the startup last November. This partnership will see Fluidstack build data centers in Texas and New York specifically designed for Anthropic's needs. The deal is significant as it allows Anthropic to have more control over its cloud infrastructure.
In addition to Anthropic, Fluidstack counts Meta, Poolside, Black Forest Labs, and others as customers. The company was previously known for providing infrastructure to Mistral, a rival of Anthropic's. With this new funding round, Fluidstack is poised to continue its growth in the AI industry, which has seen rapid expansion in recent months.
Fluidstack's valuation would increase from $7.5 billion to $18 billion if the funding round comes through, making it one of the most highly valued startups in the AI space. The company has relocated its headquarters from the UK to New York and pulled out of a key AI project in France to focus on US opportunities.
