AI datacenter startup Fluidstack seeks $1B round

AI datacenter startup Fluidstack is reportedly in talks to secure a $1 billion funding round at an $18 billion valuation. This significant increase follows a previous valuation of $7.5 billion just months ago. The company specializes in building data centers tailored for AI workloads, differentiating itself from general cloud providers. A major catalyst for its growth is a substantial $50 billion deal with Anthropic to construct custom data centers. Fluidstack also counts Meta and Mistral among its clients, underscoring its growing importance in the AI infrastructure sector.