Volta Infra, an AI infrastructure firm established seven months ago, said it has secured financing that places its valuation at $2.4 billion and reported it has won a $10 billion contract to provide cloud-computing services in Europe in partnership with Bitdeer Technologies. The startup also announced a $5 billion program launched with asset manager Azora to fund AI "factories," according to a company statement released on Tuesday.
Details emerging about the $10 billion cloud agreement include a Bloomberg News report that identified the counterparty as Anthropic, citing unnamed people familiar with the matter. Reuters has not been able to independently verify that attribution.
According to the reporting, the six-year deal would secure computing capacity at a Bitdeer-operated data center in Norway. The facility cited in the report is described as having 133 megawatts of power and using Nvidia's Vera Rubin chips for compute.
Volta said the Norway project represents the first stage in a development pipeline that exceeds one gigawatt of near-term power capacity across data centers in North America and Europe. The company positioned the project as the opening asset in a broader buildout of AI-focused infrastructure.
On financing, the Bloomberg report said Volta raised about $300 million across a seed round and a Series A. Volta itself stated that its funding rounds were led by Azora, Andreessen Horowitz, Altimeter and Nvidia.
Requests for comment went unanswered in the immediate aftermath of the reporting: Anthropic declined to comment, and Volta did not immediately respond to a request for comment referenced in the report.
The announcements come as AI developers continue to allocate significant spending toward the high-performance computing capacity required to train and run large language models and similar AI workloads.
Key transaction elements and claims
- Valuation: Volta's fundraising values the company at $2.4 billion.
- Contract: A reported $10 billion, six-year cloud-computing agreement tied to a Bitdeer-operated Norway data center with 133 MW capacity powered by Nvidia Vera Rubin chips.
- Financing program: A $5 billion AI infrastructure initiative launched with Azora to fund AI "factories."
- Pipeline: Company statement indicates more than one gigawatt of near-term power capacity across North America and Europe.
- Fundraising: Approximately $300 million raised in seed and Series A, with lead backers named as Azora, Andreessen Horowitz, Altimeter and Nvidia.
Note: Some specifics cited above reflect reporting attributed to Bloomberg; the report also noted that an attribution to Anthropic had been made and that independent verification by Reuters was not available at the time of reporting.