Cloud Infrastructure Monthly:
December 2024

3 in Finance

12/18: Vultr (West Palm Beach, FL), a cloud infrastructure provider, raised $333mm from AMD Ventures and hedge fund LuminArx Capital in its first round of financing. The deal places Vultr’s valuation at $3.5B. (Link)

12/17: Databricks (San Francisco, CA), a data intelligence and deployment platform completed its Series J funding of $10B at a $62B valuation. The deal was led by Thrive Capital, Insight Partners, GIC Private, WCM Investment Management, Andreessen Horowitz and DST Global. (Link)

12/6: Wesco International (NYSE: WCC) finalized its acquisition of Ascent (St. Louis, MO), a premier provider of data center operations and management services, for $185mm. (Link)

3 for Fun

Nvidia chips found in China despite ban, US calls for investigation (Link)

Data centers in space? A bold solution to AI’s energy crisis (Link)

TikTok Parent, ByteDance, aims to pay $7B to access Nvidia Blackwell chips outside of China (Link)

 

 

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