Fluidstack is in discussions to raise a fresh $1 billion funding round at a valuation of around $18 billion, according to Bloomberg. If the deal goes through, it would mark a sharp jump in the company’s valuation within months. In December, Fluidstack was reportedly viewing to raise about $700 million at a $7.5 billion valuation, although that round was never formally confirmed.
The latest round could be led by Jane Street, while earlier discussions reportedly included major backers such as Situational Awareness, a fund founded by former OpenAI researcher Leopold Aschenbrenner, as well as high-profile tech investors, according to TechCrunch.
Unlike traditional cloud providers such as AWS or Google Cloud, Fluidstack accelerates AI projects by reshifting compute bottlenecks. Partnering with leading AI labs, governments, and enterprises, the company aims to deploy scaled infrastructure at speed.
Last year, Anthropic signed a $50 billion agreement with Fluidstack to develop custom AI data centres in the U.S. The deal underscored the necessary for dedicated infrastructure as AI companies scale rapidly and seek greater control over computing resources.
Originally founded in Europe, Fluidstack has since shifted its focus toward the U.S. market, relocating its headquarters to New York and stepping away from certain international projects to prioritise expansion.
The company’s client base now includes major AI players such as Meta, Poolside, and Mistral, further reinforcing its position as a key infrastructure provider in the rapid-growing AI ecosystem.
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