FluidStack is in talks to raise $1B at an $18B valuation

"FluidStack is negotiating to raise approximately $1 billion at a target valuation of $18 billion, which represents a more than doubling of the company's worth in a matter of months."

"The $50 billion data centre partnership with Anthropic has significantly strengthened FluidStack's negotiating position, leading to its relocation from the UK to the US."

"The deal with Anthropic is the largest infrastructure commitment made independently from cloud providers like AWS and Google, marking a defining moment for FluidStack."

"FluidStack's revenue has surged from $1.8 million in 2022 to $66.2 million in 2024, showcasing its rapid growth in the AI infrastructure sector."

FluidStack, an AI data centre startup, is in discussions to raise approximately $1 billion at a target valuation of $18 billion. This valuation marks a significant increase from its previous worth of $7.5 billion. The company's growth is attributed to a $50 billion data centre partnership with Anthropic, which has strengthened its negotiating position. FluidStack relocated from the UK to the US following this partnership, which aims to build custom facilities for Anthropic's AI workloads in Texas and New York.

Read at TNW | Investors-Funding