Torus raises $500m to run AI on spare grid power at existing sites
· thenextweb.com · popularity 20/100 · 0 similar stories today · Entrepreneurship & Startups (Business & Finance)
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Summary
Torus, a Salt Lake City maker of energy storage systems, has raised $500m and launched Foundry, prefabricated units that bring AI computing to existing business and factory sites using grid power they already have. Magnetar led the round, the company said in a statement on Wednesday. ICONIQ, Origin Ventures, Ridgeline Partners, and Trinity Capital also […] This story continues at The Next Web
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