Torus Launches Foundry AI Infrastructure and Secures $500 Million in Growth Capital
Torus launched Foundry, its modular AI inference infrastructure, and secured $500 million in growth capital led by Magnetar, with participation from ICONIQ, Origin Ventures, Ridgeline Partners and Trinity Capital.
- Raised
- $500 million
- Round
- growth capital
- Investors
- 5
- Investors
- MagnetarICONIQOrigin VenturesRidgeline PartnersTrinity Capital
- Target market
- Enterprises and AI cloud providers
- Use of funds
- Funding continued expansion of GigaOne and Torus Reserve and Torus Foundry deployments across the United States
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Quick Answers
What is the latest news about Torus?
Torus launched Foundry, its modular AI inference infrastructure, and secured $500 million in growth capital led by Magnetar, with participation from ICONIQ, Origin Ventures, Ridgeline Partners and Trinity Capital.
What does Torus do?
Torus is headquartered in Salt Lake City and designs, engineers and manufactures distributed mesh energy and modular AI infrastructure.
How much did Torus raise?
Torus raised $500 million in its growth capital.
Who invested in Torus?
Investors named in this growth capital include Magnetar, ICONIQ, Origin Ventures, Ridgeline Partners and Trinity Capital.
How will Torus use the funding?
Torus plans to use the money for funding continued expansion of GigaOne and Torus Reserve and Torus Foundry deployments across the United States.
Where is Torus based?
Torus is based in USA.
Who are the key people at Torus?
Key people named in this report: Nate Walkingshaw (CEO and Founder).