Rackspace and Together AI Announce Strategic Agreement to Support Enterprise AI Inference
Key Highlights
- ➤Rackspace (RXT) signs initial multiyear agreement supporting Together AI inference workloads.
- ➤2027 deployment planned for dedicated NVIDIA GB300 NVL72 infrastructure, subject to conditions.
- ➤Rackspace secures $66 million private placement led by Voss Capital, LP.
- ➤Rackspace lacks definitive GPU financing commitment; deployment remains financing-contingent.
- ➤Together AI and Rackspace sign non-binding LOI to explore joint enterprise AI go-to-market.
Expert Statements
Gajen Kandiah, Chief Executive Officer of Rackspace
“Enterprise AI requires more than access to compute. Success depends on bringing compute into production, operating it reliably and delivering sustained value. That requires deep infrastructure and engineering expertise combined with operational accountability”
Gajen Kandiah, Chief Executive Officer of Rackspace
“Rackspace brings more than 25 years of experience operating complex enterprise environments. Today’s announcement provides an opportunity to apply that experience to the dedicated infrastructure supporting Together AI’s inference platform. We believe this relationship advances our strategy to be the operator of the full enterprise AI stack.”
Vipul Ved Prakash, Founder and CEO of Together AI
“Scaling in the enterprise requires infrastructure that can grow with our ambitions while delivering the performance and reliability customers expect”
Vipul Ved Prakash, Founder and CEO of Together AI
“Rackspace brings the infrastructure engineering and operational expertise to support that growth and we look forward to exploring additional opportunities together.”
Raj Mirpuri, Vice President of Global AI Clouds and Infrastructure Ecosystem at NVIDIA
“Enterprises need infrastructure that turns AI advances into services they can deploy at scale.”
Raj Mirpuri, Vice President of Global AI Clouds and Infrastructure Ecosystem at NVIDIA
“With NVIDIA Blackwell Ultra, Rackspace and Together AI can run inference workloads efficiently and bring the next wave of enterprise AI services to market.”
SAN ANTONIO, Nov. 10, 2026 (GLOBE NEWSWIRE) -- Rackspace® (NASDAQ: RXT), the operator of the full enterprise AI stack, and Together AI, the AI Native Cloud, today announced an initial multiyear strategic AI infrastructure agreement under which Rackspace expects to provide and operate dedicated NVIDIA GB300 NVL72 infrastructure connected with NVIDIA Spectrum-X Ethernet networking to support Together AI inference workloads. Deployment is planned for 2027, subject to the satisfaction of certain conditions. This deployment reflects Rackspace’s strategy to become the operator of the full enterprise AI stack, leveraging its decades of experience operating mission-critical environments to give customers compute solutions that meet the security, trust, and governance needs in regulated, production environments.
The companies also entered into a separate, non-binding letter of intent (LOI) to explore a joint go-to-market approach for enterprise-focused AI solutions, with Together AI providing inference capabilities and Rackspace providing the supporting AI infrastructure, platforms, solutions and forward-deployed engineering expertise.
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