Fluidstack, a startup specializing in AI data centers, is currently in discussions to secure a funding round of $1 billion, which could elevate its valuation to $18 billion. This potential investment, possibly spearheaded by Jane Street, would significantly increase the company's worth from $7.5 billion as reported in December when it aimed to raise $700 million.
The company recently gained attention following a landmark agreement with Anthropic, which involves a $50 billion contract to create customized data centers in Texas and New York. This partnership is pivotal for Fluidstack, prompting its relocation from the U.K. to New York to focus on opportunities in the U.S. market. Other clients include Meta and Poolside, and prior to its collaboration with Anthropic, Fluidstack was recognized for its work with Mistral.
Fluidstack previously sought additional investment earlier this year, with Google considering a contribution of $100 million, as reported by The Wall Street Journal. The startup has also opted out of a significant €10 billion AI project in France to concentrate on U.S. ventures.