Torus, a Salt Lake City–based energy-storage startup, said it raised $500 million in a Series C round to help launch Foundry, a shipping container–sized modular AI data center that combines batteries with artificial-intelligence computing.
Modular AI data center Foundry
Torus described Foundry as a shipping container–sized product that integrates batteries and AI computing. The company said the funds will support manufacturing of the new product, and that Hydra Host, an AI infrastructure company, is among Foundry’s customers.
The Series C round was led by Magnetar, with participation from investors including Iconiq Capital, Origin Ventures and Trinity Capital, Salt Lake City–based Torus said in a statement. Torus founder and Chief Executive Officer Nate Walkingshaw also spoke about the computing containers in an interview.
