AI Compute Infrastructure Company Torus Raises $500 Million in Funding

On November 12, according to an announcement by Torus, this US-based energy and compute infrastructure company secured $500 million in growth capital, led by Magnetar, with participation from ICONIQ, Origin Ventures, Ridgeline Partners, and Trinity Capital.

Torus also unveiled Foundry, a modular AI inference infrastructure that integrates power supply, energy storage, cooling, networking, and computing power into prefabricated systems. The company stated that each site provides between 1 and 20 megawatts of compute capacity, requiring 12 to 16 weeks from contract signing to running AI workloads.

Early customers include Hydra Host and another AI cloud provider. Torus noted that Foundry has already deployed thousands of GPUs, with plans to deploy over 47,000 by the end of 2027. The funding will be used to expand the GigaOne manufacturing facility and to roll out energy storage and compute products across the United States.