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On September 27, 2026, AI infrastructure company Fluidstack completed a $1.5 billion funding round at a post-money valuation of $18 billion. According to a same-day report by Huxiu, the round was led by quantitative trading giant Jane Street, and Fluidstack's valuation rose from $7.5 billion to $18 billion within 60 days. The report said its core asset is a multi-billion-dollar computing power contract signed with Anthropic, and that it is participating in Anthropic's plan to deploy up to 1 million Google TPUs, becoming the first publicly disclosed TPU data center operator other than Google. The report also noted that this kind of circular financing, in which the funder simultaneously acts as customer and guarantor, carries systemic risks, and that Fluidstack's revenue is highly concentrated in a single customer such as Anthropic. There are currently no subsequent developments.
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Fluidstack Completes $1.5 Billion Financing at a Valuation of $18 BillionDevelopments
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Fluidstack Completes $1.5 Billion Funding Round at $18 Billion Valuation
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Sep 27
Huxiu
Fluidstack Completes $1.5 Billion Financing at a Valuation of $18 Billion
AI infrastructure company Fluidstack has completed $1.5 billion in financing at a post-money valuation of $18 billion, led by quantitative trading giant Jane Street, with its valuation rising from $7.5 billion to $18 billion within 60 days. Its core asset is a multi-billion-dollar compute contract signed with Anthropic, and it is participating in Anthropic's plan to deploy up to 1 million Google TPUs, becoming the first publicly disclosed TPU data center operator other than Google. The article points out that this circular financing, in which the funder simultaneously acts as customer and guarantor, carries systemic risk, and that Fluidstack's revenue is highly concentrated in a single customer such as Anthropic.