Neocloud Lambda secures $1B in debt to buy more chips
Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It’s the latest in a string of loans, underscoring the high cost of the AI boom.
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Groq raises $350M to fuel its pivot from AI chips to neocloud
Groq raised $350 million at a $3.5 billion valuation as the former AI chipmaker pivots to a neocloud business and expands its Nvidia-powered data center footprint.
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Enterprise | Hardware | Startups | TC
AI data center startup Fluidstack in talks for $1B round at $18B valuation months after hitting $7.5B, says report
Fundraising is reportedly flowing for Fluidstack after it secured a $50 billion deal to build data centers for Anthropic.
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Is xAI a neocloud now?
xAI’s real business may be more about building data centers than training AI models.
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Netris raises $15M Series A from a16z to help AI neoclouds go live faster
Netris provides software that runs on network switches, and offers a platform that helps neocloud operators reduce the time it takes to go live.
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Neocloud Together AI raises $800M, leaps to $8.3B valuation
The AI neocloud provider, which specializes in hosting open source models, last raised at a $3.3 billion valuation in early 2025.
