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Torus Foundry Launches as Torus Raises $500m in a Magnetar-Led Round
Summary by TNW
3 Articles
3 Articles
Torus Foundry launches as Torus raises $500m in a Magnetar-led round
Torus, a Salt Lake City maker of energy storage systems, has raised $500m and launched Foundry, prefabricated units that bring AI computing to existing business and factory sites using grid power they already have. Magnetar led the round, the company said in a statement on Wednesday. ICONIQ, Origin Ventures, Ridgeline Partners, and Trinity Capital also […] This story continues at The Next Web
·Amsterdam, Netherlands (Kingdom of the)
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Torus earned $500 million to expand its modular AI computing units, designed to leverage electrical capacity available in factories and other existing sites, without relying on a new network connection.
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Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
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