Salt Lake City energy storage maker Torus has raised 500M USD in a Series C led by Magnetar, with ICONIQ, Origin Ventures, Ridgeline and Trinity Capital joining, to launch Foundry, prefabricated units bringing AI compute to existing factory sites on spare grid power. Each site spans 1 to 20 megawatts, needs no new grid connection and can run AI workloads within 16 weeks. https://thenextweb.com/news/torus-foundry-500m-magnetar-modular-ai-inference #Tech #Startup #News #AI
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