The British AI data center developer depends on tech giants Microsoft and Anthropic for most of its revenue.
Neocloud Lambda has raised $1B in private debt to buy Nvidia AI chips and lease them to Microsoft. It’s the latest in a string of loans, underscoring the high cost of the AI boom.
Groq raised $350 million at a $3.5 billion valuation as the former AI chipmaker pivots to a neocloud business and expands its Nvidia-powered data center footprint.
Netris provides software that runs on network switches, and offers a platform that helps neocloud operators reduce the time it takes to go live.
xAI’s real business may be more about building data centers than training AI models.
Fundraising is reportedly flowing for Fluidstack after it secured a $50 billion deal to build data centers for Anthropic.