AMD invests in AI cloud startup Vultr at $3.5b valuation

Cloud infrastructure company Vultr has completed a growth financing round, achieving a valuation of US$3.5 billion.

The funding was led by LuminArx Capital Management and AMD Ventures.

Vultr plans to use the new capital to expand its global presence in AI infrastructure and cloud computing.

This financing will also support Vultr’s aim to enhance its cloud GPU offerings for enterprises and developers focused on AI applications.

Recent AI developments

Timeline
19-Dec-2024 🚀 AI-powered spacetech firm signs $5.1b UAE contract Space42 secures $5.1B contract with UAE. Satellite development supported by AED 3.7B upfront.
11-Dec-2024 📈 Airwallex’s Q3 APAC revenue soars 83% APAC revenue up 83%, transactions up 49% Global growth: 73% revenue, 60% transactions
07-Dec-2024 🏥 AI public health center to open in SG next year New AI center for health opens in Singapore 2025 Focus on disease prediction and outbreak surveillance
05-Dec-2024 💰 AI infrastructure firm Nebius raises $700m from Nvidia, others Nebius Group NV secures $700M funding Investors include Nvidia and Accel Partners
26-Nov-2024 🤖 AI researcher Yi Tay returns to Google DeepMind Yi Tay rejoins Google DeepMind as senior scientist Focuses on LLMs after successful Reka startup journey

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies: