AI cloud infrastructure company Volta Infra Holdings announced the completion of $300 million in venture financing, reaching a valuation of $2.4 billion.
According to Bloomberg, AI cloud infrastructure company Volta Infra Holdings announced the completion of $300 million in venture financing, achieving a valuation of $2.4 billion, co-led by Andreessen Horowitz and Altimeter Capital, with participation from NVIDIA and Michael Dell, founder of Dell Technologies. Additionally, Volta secured support from a $5 billion customer financing pool designed to help small and medium-sized AI enterprises lower the barrier to purchasing NVIDIA high-end chips.
The company also disclosed it has signed a $10 billion, six-year cloud computing service contract with an unnamed leading AI developer. The contract will be fulfilled in partnership with Bitdeer, delivered via its 133 MW data center in Norway. Volta was co-founded earlier this year by former Brookfield Asset Management infrastructure executives Ricard Boada and Sofia Gumuzio. It has currently secured 1 GW of data center power resources and plans to develop new sites in Texas and Wyoming, aiming to deploy multi-gigawatt compute capacity before 2030.