Key facts
- AI infrastructure startup Volta has been valued at $2.4 billion.
- Volta secured a $10 billion cloud computing contract with an unnamed AI company.
- The contract is reportedly with Anthropic and spans six years.
- The deal involves computing capacity at a Bitdeer data center in Norway.
- Volta also launched a $5 billion AI infrastructure program with Azora.
- The startup raised $300 million in seed and Series A financing.
Volta Infra, a seven-month-old AI infrastructure startup, has announced it raised funds at a $2.4 billion valuation and secured a $10 billion contract with an unnamed AI company for cloud-computing services in Europe, in partnership with Bitdeer Technologies.
Bloomberg News reported that the Nvidia-backed Volta's $10 billion cloud contract is with Anthropic, citing people familiar with the matter. Reuters has not independently verified this report. The six-year agreement reportedly covers computing capacity at a data center operated by crypto mining firm Bitdeer in Norway, utilizing 133 megawatts of capacity powered by Nvidia's Vera Rubin chips.
AI companies are currently making significant investments in the computing infrastructure required to run large language models. Volta stated that the Norway project is the first in a development pipeline exceeding one gigawatt of near-term power capacity across North America and Europe.
The startup raised $300 million in seed and Series A financing, according to the Bloomberg report. These rounds were led by Azora, Andreessen Horowitz, Altimeter, and Nvidia. Anthropic has previously signed various computing and investment agreements with major technology firms including SpaceX, Advanced Micro Devices, Microsoft, Nvidia, Alphabet, Amazon.com, and Micron Technology.