AI cloud startup Volta valued at $2.4 billion, announces $10 billion AI partnership

Volta Infra, a seven-month-old AI infrastructure startup, said it raised funds at a $2.4 billion valuation and landed a $10 billion contract with an unnamed AI company to provide cloud-computing services in Europe alongside Bitdeer Technologies.

The startup has also launched a $5 billion ‌AI infrastructure ⁠program with ⁠asset manager Azora to finance AI "factories," it said in a ​statement on Tuesday.

Here are some details:


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 been able to independently verify the report.

⁠The six-year ‌agreement covers computing capacity at a data center operated by crypto mining firm Bitdeer in Norway ⁠with 133 megawatts of capacity powered by Nvidia's Vera Rubin chips, the report said.

​Anthropic declined to comment and Volta did not immediately respond to a Reuters request for comment. AI companies have been spending heavily on computing infrastructure needed to run large language models.

Volta said 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 a seed round and Series A financing, the Bloomberg report said. The rounds were led ​by Azora, Andreessen Horowitz, Altimeter and Nvidia, Volta said.

Anthropic has signed a series of computing and investment agreements with companies including SpaceX, Advanced Micro Devices, Microsoft, Nvidia, Alphabet, Amazon.com and Micron Technology.