Fluidstack, an artificial intelligence (AI) data center developer backed by Google (GOOGL), is negotiating a new funding round that could value the company at approximately $18 billion. The round, which may be led by trading firm Jane Street, is expected to raise about $1 billion.
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Trade AMZN with leverageIf completed, the deal would mark a sharp increase in valuation for the company, which was previously seeking around $700 million at a $7.5 billion valuation late last year. That earlier fundraising effort had not been formally confirmed by the company.
Fluidstack Faces Rapid Valuation Surge Amid AI Infrastructure Demand
Fluidstack specializes in building data centers tailored for AI workloads, distinguishing itself from large cloud providers such as Amazon (AMZN), Google Cloud, and Microsoft (MSFT), which cater to a broader range of computing needs.
Earlier discussions around the current funding round included potential participation from Google, which had reportedly considered contributing about $100 million after supporting the startup through infrastructure deals. Funding negotiations have been ongoing since at least February, signaling sustained interest from major backers.
Fluidstack’s Strategic Shift to the U.S. Drives Growth
A major driver behind Fluidstack’s momentum is a long-term agreement with AI firm Anthropic, valued at roughly $50 billion. The partnership involves constructing dedicated data centers in Texas and New York, giving Anthropic greater control over its computing capacity as demand for its AI models accelerates.
The scale of that deal has reshaped Fluidstack’s strategy. Originally founded in Europe and spun out of Oxford, the company has since relocated its headquarters to New York to focus on U.S. growth. It also withdrew from a planned €10 billion AI infrastructure project in France to prioritize opportunities tied to American clients.
Beyond Anthropic, Fluidstack’s customer base includes companies such as Meta Platforms (META), Mistral AI, and several emerging AI firms. The private company has not publicly commented on the latest fundraising discussions.
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