Data centre operator raises $333mn from investors in bet that companies will look for alternatives to Microsoft and Google

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Start-up Vultr hits $3.5bn valuation in funding frenzy for AI cloud groups

AMD's investment in Vultr comes after Nvidia backed GPU startup CoreWeave.

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AMD invests in GPU cloud provider Vultr at $3.5 billion valuation

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Cloud infrastructure startup Vultr Inc. today disclosed that it has raised a $333 million funding round at a $3.5 billion valuation. LuminArx Capital Management and AMD Ventures jointly led the investment. It marks the first time Vultr has raised equity funding since launching about a decade ago. In 2021, it secured a $150 million credit […] The post AMD backs $333M funding round for cloud infrastructure provider Vultr appeared first on SiliconA…

SiliconANGLE

AMD backs $333M funding round for cloud infrastructure provider Vultr - SiliconANGLE

By Riley Kaminer Nothing to see in West Palm Beach these days. Well, if you think that’s true (and it’s not), you are ignoring what’s happening at the largest independent cloud platform, Vultr. The company today announced a fresh $333 million investment led by AMD Ventures and LuminArx Capital Management, vaulting it to a $3.5 billion valuation, becoming a key player in the race to dominate AI infrastructure.  Silicon Valley: Watch out. Founded …

Refresh Miami

With $3.5B valuation, Vultr raises $333 million to expand AI infrastructure - Refresh Miami

Vultr, a privately-held cloud infrastructure provider based in West Palm Beach, Florida, announced fresh funding this week that puts the company’s valuation at $3.5 billion. The $333 million infusion came from LuminArx Capital Management and AMD Ventures, marking the first time Vultr has accepted outside equity since it began operations a decade ago. This injection of capital points to a sharpened focus on AI infrastructure, as Vultr aims to bro…

Market Business News

Vultr raises $333M to scale GPU fleet amid AI cloud computing boom

New ISG study reveals how strategic alliances between EU providers and global hyperscalers are transforming sovereign cloud services, despite regulatory hurdles.

stocktitan.net

ISG Report: European Cloud Providers Forge Game-Changing Partnerships with Tech Giants

Chip giant Advanced Micro Devices and hedge fund LuminArx Capital Management raised $333 million for a growth financing round for cloud startup Vultr, a sign of the hot demand for artificial intelligence infrastructure. West Palm Beach, Fla.-based Vultr said it is now valued at $3.5 billion and plans to use the financing to acquire more […] The post Cloud AI Startup Vultr Raises $333 Million at $3.5 Billion Valuation appeared first on OODAloop.

OODA Loop

Cloud AI Startup Vultr Raises $333 Million at $3.5 Billion Valuation

Financing Solidifies Vultr’s Position as the Largest Self-funded Cloud Infrastructure Company Ever Built    
Vultr, the world’s largest privately-held cloud infrastructure company, announced it has completed a growth financing at a $3.5 billion valuation, led by LuminArx Capital Management and AMD Ventures. Vultr will use this new equity financing to support its accelerated global expansion in AI infrastructure and cloud computing. Building on m…

Start-up Vultr hits $3.5bn valuation in funding frenzy for AI cloud groups

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