TNW | Investors-funding
Torus raises $500m to run AI on spare grid power at existing sites
The Magnetar-led round backs Torus Foundry, units that put 1 to 20 megawatts of AI inference computing at existing sites within 12 to 16 weeks. Hydra Host is among the first customers.
By TNW | Investors-funding
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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.
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