AI data center startup Fluidstack is in discussions to raise $1 billion at an $18 billion valuation, according to Bloomberg reports. The potential funding round may be led by Jane Street.
If the deal closes, the company's valuation will more than double in just a few months. In December, the startup was reportedly seeking approximately $700 million at a $7.5 billion valuation.
Rapid valuation growth
That previous funding round was said to be led by Situational Awareness, an AGI-focused fund established by former OpenAI researcher Leopold Aschenbrenner. The fund includes backing from Stripe’s Collison brothers, former GitHub CEO Nat Friedman, and AI entrepreneur Daniel Gross.
Negotiations for that December round reportedly continued into February. The Wall Street Journal reported that Google was considering a $100 million contribution to the deal.
Fluidstack specializes in building dedicated data center infrastructure for artificial intelligence companies. The startup's momentum follows a massive $50 billion agreement signed with Anthropic in November to build data centers for the AI model developer.