Skip to content

Volta emerges from stealth with £7.4bn AI lab partnership

The firm says it will address access to affordable capital within the AI infrastructure sector

AMD £2bn for AI
Image credit: Shutterstock / solarseven

Volta, a London-based fully vertically integrated AI infrastructure platform, has launched with a $10bn (£7.4bn) AI lab partnership and $5bn (£3.7bn) AI infrastructure programme.

Volta will develop, finance, build and operate AI factories by integrating institutional capital, powered land, data centres, compute, software and operations under a single platform. 

The firm says its goal is to address one of AI infrastructure’s biggest bottlenecks – access to affordable capital.

Volta also says it will enable frontier AI labs, AI-native companies and enterprises to access AI infrastructure that is dependable, scalable and enabled by low-cost infrastructure capital. 

Volta’s launch is anchored by a £7.4bn strategic partnership with an AI lab to develop an AI factory in Europe alongside Bitdeer. Located in Norway, the project will comprise a 133 MW deployment powered by NVIDIA Vera Rubin systems. 

As part of its long-term growth strategy, Volta has additionally established an AI infrastructure programme with Azora to provide £3.7bn of financing for the next generation of AI factories developed by the company. 

The company has also completed Seed and Series A rounds valuing Volta at $2.4bn (£1.8bn). 

“AI is transforming compute from a technology product into critical infrastructure,” says Sofia Gumuzio, chief corporate development officer at Volta. 

“Meeting that demand requires a platform that can mobilise infrastructure capital, secure power and execute at industrial scale while moving at the pace of AI innovation. That’s what Volta was built to do.”

Topics

Register for Free

Bookmark your favorite posts, get daily updates, and enjoy an ad-reduced experience.

Already have an account? Log in