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Sequoia Capital raises $7 Bn expansion fund to double down on AI investments and late-stage startups

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Sequoia Capital has raised approximately $7 billion for a new expansion fund, according to people familiar with the discussions, marking the firm’s first major fundraising under its new leadership. This latest move signals a strategic push to strengthen its position in late-stage investing while capitalizing on the rapid growth of artificial intelligence startups.

The firm plans to use the new fund to expand its investments in large, high-growth companies, particularly in the artificial intelligence space. Notably, Sequoia has already backed major AI players such as OpenAI and Anthropic, whose demand for high-performance computing infrastructure has fueled unprecedented capital requirements. As a result, this expansion fund positions Sequoia to deepen its exposure to the AI boom.

Importantly, the $7 billion vehicle will support Sequoia’s expansion strategy, which focuses on late-stage investments across the US and Europe. This fund significantly surpasses the firm’s previous $3.4 billion expansion fund raised in 2022, highlighting increased investor confidence and a more aggressive capital deployment approach. The fundraising took place earlier this year, according to sources who requested anonymity due to the private nature of the discussions.

Sequoia declined to comment on the development.

Meanwhile, this fundraising marks a leadership transition phase for the firm. Last year, Roelof Botha handed over leadership responsibilities to Alfred Lin and Pat Grady, who now serve as co-stewards. Under their direction, Sequoia has actively restructured its investment strategy and leadership roles to align with evolving market dynamics.

In addition, the firm has made several key organizational changes. In March, Sequoia appointed former senior steward Doug Leone as chairman, thereby bringing him back into a more active investing role. Furthermore, the firm strengthened its investment team by adding Liam Corrigan and Sonali Singh. It also rehired Carl Eschenbach, who previously left in 2022 to serve as co-CEO of Workday Inc.

At the same time, some investors have stepped back from their roles. Josephine Chen, Charlie Curnin, and Cornelius Menke have exited their positions, while Ravi Gupta has scaled back his involvement to launch a new startup, though he continues to remain a partner.

Crucially, Sequoia continues to place significant bets on leading AI companies, even as competition intensifies within the sector. Its portfolio includes Anthropic, OpenAI, and Elon Musk’s xAI, now part of SpaceX. These companies are actively preparing for potential public listings in 2026, which could generate substantial returns for the firm if market conditions remain favorable.

However, Sequoia has not limited its focus solely to AI-native businesses. The firm also continues to invest in mature companies across sectors. For instance, one of its most notable recent exits involved Wiz, a cybersecurity company that Alphabet acquired for $32 billion in a deal that closed last month. This demonstrates Sequoia’s diversified investment approach beyond AI.

Moreover, this $7 billion fund builds on the firm’s previous $2.5 billion fundraising announced last year, which targeted seed, venture, and growth-stage investments. As of the end of last year, Sequoia Capital managed over $80 billion in assets, according to regulatory filings, reinforcing its status as one of the largest venture capital firms globally.

Sequoia Capital’s $7 billion expansion fund underscores its aggressive growth strategy and long-term conviction in artificial intelligence, late-stage startups, and global innovation ecosystems. By doubling down on high-potential companies and strengthening its leadership structure, the firm aims to maintain its dominance in venture capital while capturing the next wave of technological transformation.

Prateek Singh to Lead Pocketful as Chief Executive Officer

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Pocketful, the fast-growing discount brokerage backed by the 30-year legacy of the Pace Group, has appointed Prateek Singh as its new Chief Executive Officer, marking a significant step in the company’s growth journey. The brand introduced this strategic leadership change to achieve its growth objectives while establishing itself as a major player in the changing investment market of India.

Prateek Singh possesses 13 years of experience, which he has used to develop digital financial platforms through his work on customer acquisition, product development, and business growth initiatives. Before starting his work at Pocketful, he spent time at Bajaj Broking as Chief Growth Officer, where he helped the company develop its digital presence and improve its platform functionalities.

Expressing his enthusiasm, Sarvam Goel, Co-Founder of Pocketful, said, “Prateek’s appointment represents an essential milestone for Pocketful, which will help the company expand its operations and strengthen its position in the Indian investment market. His successful history of developing digital financial platforms, together with his focus on user experience, perfectly matches our organization’s future objectives. Pocketful will achieve its next phase of growth through his guidance, which will create new technical innovations and improve our market value.”

At Pocketful, Prateek will lead the company’s mission to create an accessible investment platform that enables all investors to use its services. The company delivers an investment process that customers can use without any kind of difficulty.

Commenting on his appointment, Prateek Singh, CEO, Pocketful, said, “I am truly excited to join Pocketful at such a pivotal stage of its growth journey. India’s capital markets are witnessing remarkable momentum, with increasing retail participation and a growing shift towards digital investing. At Pocketful, we have a unique opportunity to simplify and reimagine the investing experience for a wider audience. I look forward to working closely with the team to drive innovation and enable more confident, informed participation in the markets.”

Pocketful offers zero brokerage on equity delivery trades, along with zero account opening charges and lifetime zero AMC fees, making it an attractive choice for retail investors. At the same time, the platform caters to active traders through advanced, institutional-grade tools built for speed, precision, and reliability.

The company also provides a Margin Trading Facility (MTF) starting at 5.99%* per annum, enabling greater flexibility for active participants. A key innovation is Pocketful GPT, a custom-trained intelligence layer that allows users to generate trade ideas, analyze portfolios, and execute trades within a unified interface.

With its recent expansion into mutual funds, Pocketful is evolving into a comprehensive investment platform. Under Prateek Singh’s leadership, the company is well-positioned to accelerate growth and capture a larger share of India’s rapidly expanding investor base.

Wyndham expands India presence with new upscale hotel project in Guwahati

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Om Arham Ventures has announced the signing of an upscale 190-room Wyndham hotel in Guwahati, Assam, in partnership with Wyndham Hotels & Resorts. The company will develop the brownfield project and plans to open it in the second half of 2028, thereby strengthening the region’s hospitality infrastructure.

Notably, this agreement marks Wyndham Hotels & Resorts’ official entry into the Guwahati market, which continues to emerge as a key commercial and tourism gateway to Northeast India. The upcoming hotel will feature 190 contemporary guest rooms and suites designed to cater to both business and leisure travellers. Additionally, the property will operate as a pure-vegetarian hotel, reflecting evolving guest preferences and regional demand trends.

Furthermore, the company will position the hotel as a full-service upscale offering with a comprehensive range of amenities. The property will include multiple dining venues, large banquet and conferencing facilities, and wellness amenities such as a fitness centre, spa, and swimming pool. As a result, the hotel will cater to diverse customer segments, including corporate travellers and event organisers. Moreover, the expansive banquet spaces will complement the room inventory and establish the property as a preferred destination for weddings, social events, and MICE (Meetings, Incentives, Conferences, and Exhibitions) activities in Guwahati.

Representing the ownership, Vijay Singh Daga and Pankaj Kumar Jain of Om Arham Ventures commented, “We are proud to partner with Wyndham to introduce an internationally recognized upscale brand to Guwahati. With a pure-vegetarian positioning and significant banquet capacity, we are confident the hotel will set new benchmarks for upscale hospitality and events in the region.”

From the brand perspective, Rahool Macarius, Market Managing Director, Eurasia, Wyndham Hotels & Resorts, added, “Guwahati is rapidly emerging as a key commercial and tourism gateway for Northeast India, and we are excited to introduce our flagship Wyndham brand to the city. As connectivity and economic activity continue to grow across the region, we see strong demand for upscale hospitality experiences. This signing reinforces our strategy of expanding in high-growth gateway markets while delivering globally recognised brands supported by Wyndham’s powerful distribution network.”

As infrastructure and connectivity improve across Northeast India, this upscale hotel project aims to elevate the region’s hospitality standards while catering to rising demand for premium travel and event experiences.

Holy Hotels launches resort and villa bookings amid rising demand for private stays

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BRL Editor
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Mr. Deepak Chhabra, Director of Holy Hotels

Holy Hotels has introduced resort and villa bookings on its platform, thereby expanding its accommodation portfolio and aligning with evolving travel preferences across India. With this strategic move, the company aims to cater to the rising demand for premium, private, and experience-driven stays.

Moreover, the newly added categories provide users access to a curated selection of resorts and private villas, specifically designed for leisure travellers, families, and groups seeking enhanced space, privacy, and flexibility. At the same time, this expansion builds on the platform’s existing offerings, including shared apartments and homestays. Additionally, it complements Holy Hotels’ offline booking support, which continues to differentiate the platform in an otherwise highly digital travel booking ecosystem.

As travel behaviour continues to shift, demand for accommodations offering privacy, comfort, and a personalised experience has steadily increased. According to data from the Press Information Bureau, India recorded over 303 crore domestic tourist visits in 2025, highlighting the scale of domestic tourism and the growing preference for intentional travel. Consequently, travellers now increasingly choose flexible stays such as resorts and private villas across multiple segments.

Commenting on the development, Mr. Deepak Chhabra, Director of Holy Hotels said, “The way people travel is changing. Travellers today are looking for experiences that align with their purpose of travel. With the addition of resorts and villas, we are expanding choice on the platform while continuing to keep booking simple and accessible.”

Furthermore, the company continues to prioritise its hybrid booking model, which combines online discovery with offline assistance. This approach allows travellers to receive personalised guidance whenever required, whether they are planning villa stays, coordinating group travel, or managing complex itineraries. As a result, Holy Hotels strengthens its position in the competitive travel and hospitality technology space.

Looking ahead, Holy Hotels plans to introduce additional accommodation categories, including guesthouse bookings, an expanded range of apartments, and upgraded homestay options with improved discovery and booking features. These enhancements will not only broaden the platform’s inventory but also significantly improve the overall user experience.

As domestic travel continues to grow rapidly, Holy Hotels remains focused on building a comprehensive travel platform that caters to diverse budgets, travel styles, and preferences. Ultimately, the company aims to simplify the process of discovering and booking suitable accommodations across India while meeting the evolving expectations of modern travellers.

Holy Hotels’ expansion into resort and villa bookings reflects the broader shift in India’s travel landscape towards personalised and experience-led stays. By enhancing its offerings and leveraging a hybrid booking model, the platform is well-positioned to capitalise on the surge in domestic tourism and redefine convenience in travel booking.

The Hosteller raises ₹150-Cr in Series B to expand backpacker hostel network and launch travel super app

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Pranav Dangi, founder and CEO of The Hosteller

Branded hostel chain The Hosteller has secured ₹150 crore in a Series B funding round led by PROMAFT Partners and V3 Ventures, while ITI Growth Opportunities Fund, Merisis Wealth Trust, and several prominent family offices also participated. Notably, the company stated that this marks the largest institutional funding round ever raised by a backpacker hostel company in India. Furthermore, The Hosteller plans to utilize the fresh capital to accelerate its expansion across key travel destinations in the country.

Founded in 2014, The Hosteller currently operates more than 75 properties across 13 states and has hosted over 20 lakh unique travellers. Moreover, over the past 12 months, the company has added more than 30 new properties and increased its traveller capacity by nearly 70%, reflecting strong growth momentum. Consequently, the company now aims to scale its network to 25,000 beds nationwide within the next 36 months. In addition, it is preparing to launch a ‘travel super app’ that will integrate accommodation, food and beverage (F&B), mobility, and curated travel experiences into a single digital platform.

Pranav Dangi, founder and CEO of The Hosteller, said he started The Hosteller because Indian travellers deserved better than a choice between overpriced hotels and unreliable budget stays. “Eleven years and 20 lakh travellers later, the model has proven itself. This round is about sustained acceleration to 25,000 beds, a full-stack travel platform, and building the kind of company that can define this category for decades. We are on a path to building a truly public, enduring hospitality brand out of India,” he added.

Meanwhile, investors expressed strong confidence in the company’s growth trajectory and business fundamentals. Soham Avlani, founding general partner, PROMAFT Partners, said that a generation valuing experience over star ratings is reshaping India’s travel market, and he believes The Hosteller is best positioned to lead this shift. “The unit economics of this business are exceptional. The occupancy, the repeat rates, and the revenue per bed all outperform what we see in budget hotel chains at comparable price points,” he added.

Importantly, this investment marks PROMAFT Partners’ second deployment from its debut $100 million Series A/B fund, following its earlier investment in Wiom. Additionally, Arjun Vaidya, co-founder, V3 Ventures, said the growth and performance metrics have been ‘exceptional.’ ” Continuing to back the company in this round was one of the easiest decisions we have made as a fund,” he added.

Further reinforcing investor confidence, Mohit Gulati, CIO, ITI Growth Opportunities Fund, said that India’s experiential travel segment remains in its early stages, and he added that Pranav has built the only brand in this space that travellers actively plan around. “The Hosteller is one of those rare businesses where the unit economics tell the story better than any pitch deck. Occupancy, repeat rates, revenue per bed—the numbers hold up property by property, across geographies and seasons,” he added.

As demand for affordable, experience-driven stays continues to rise, the company looks forward to scale its footprint, enhance digital capabilities, and redefine budget hospitality through innovation and strong unit economics.

SAMHI Hotels partners with Ingka Centres for premium hotel project in Noida

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Ashish Jakhanwala,Chairman & Managing Director, SAMHI Hotels Ltd.

SAMHI Hotels Limited (SAMHI), through its wholly owned subsidiary SAMHI Skyline Private Limited, has entered into a strategic agreement with Ingka Centres India Private Limited, a part of the Ingka Group, to lease an upscale 162-room hotel within Ingka Centres’ upcoming 2.5 million square feet mixed-use development in Noida. Notably, Ingka Group operates three core businesses—IKEA Retail, Ingka Centres, and Ingka Investments—thereby strengthening its global presence in retail and real estate development.

Moreover, the companies confirmed that the hotel will be located within a high-quality mixed-use ecosystem, which will drive strong captive demand and ensure high visibility. Consequently, the project will leverage SAMHI’s long-term variable lease model. Under this structure, Ingka will lease the building, including the façade and all high-side engineering, while SAMHI will invest in the interior fit-outs. Additionally, the company will operate the hotel under an international brand, which it will finalize at a later stage, according to an official statement.

Furthermore, SAMHI stated that this development will expand its footprint in the Delhi NCR hospitality market, where it already owns and operates prominent properties such as Hyatt Place Gurgaon, Holiday Inn Express Gurgaon, and Holiday Inn Express Greater Noida. As a result, the company continues to strengthen its position in one of India’s fastest-growing real estate and business hubs.

Importantly, the hotel will form an integral part of Ingka Centres’ “meeting places” concept, which aims to create a modern, retail-led destination. This concept will seamlessly integrate shopping, leisure, and community-centric experiences, while also supporting local businesses and flexible workspaces. Therefore, the project aligns with evolving urban lifestyle trends and consumer expectations.

Ashish Jakhanwala, chairman and MD, SAMHI Hotels, said this partnership with Ingka Centres represents a significant milestone for the company as it continues to scale through its capital-efficient, long-term variable lease model in the National Capital Region. “The Noida project is a marquee development with strong underlying demand drivers, and we are delighted to collaborate with world-class partners in Ingka to deliver a landmark hospitality asset,” he added.

Similarly, Giovanni Princiotta Cariddi, country manager India for Ingka Centres said the company is thrilled to welcome SAMHI Hotels as a partner in its Noida Meeting Place. “This collaboration reflects our vision to create vibrant mixed-use destinations where people can live, work, shop, and stay—all in one place,” he said. “Having a high-quality hospitality offer within our mixed-use development strengthens the overall experience we want to provide to our visitors and the local community. Together with SAMHI, we are committed to delivering a landmark destination that will set a new benchmark for integrated urban living in the Delhi NCR region,” he added.

SAMHI Hotels’ collaboration with Ingka Centres highlights the growing momentum in India’s mixed-use real estate and hospitality sector. As demand for integrated urban developments rises, this project poses to set new benchmarks in premium hospitality, retail experiences, and community-driven infrastructure in Noida and the broader Delhi NCR region.

Industrial AI startup Intellithink raises ₹17-Cr to scale predictive maintenance solutions across India and GCC

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Sridhar Venugopal and Aswin Venu, co-founders, Intellithink

Bengaluru-based industrial artificial intelligence (AI) startup Intellithink has secured ₹17 crore in a funding round led by Pentathlon Ventures, an early-stage investor focused on AI-enabled B2B technology startups. Notably, Pentathlon Ventures contributed ₹6.5 crore through its India Fund II, while Anicut Capital and Veltis Capital also participated in the round.

Founded in 2018 by Sridhar Venugopal and Aswin Venu, Intellithink actively enables large enterprises to monitor and understand the health of machinery used in industrial operations. Moreover, the company focuses on predictive maintenance and machine health monitoring to improve operational efficiency. “We’re a full-stack company in the machine health space of rotating equipment, where our solution monitors machines 24×7 and detects anomalies, identifying not just the issue, but also its nature and the steps needed to fix it,” said Sridhar Venugopal, founder and CEO.

Currently, Intellithink serves more than 50 enterprises, including Jindal Steel, Jindal Stainless, JSW Steel, ArcelorMittal Nippon Steel, Adani, Ultratech, Dalmia, Ducab, and L&T. Furthermore, the company continues to expand its presence in international markets, particularly across the Middle East, where demand for AI-driven industrial solutions is rising steadily.

Importantly, the startup plans to deploy the newly raised capital to strengthen its market presence. “The funding will primarily go towards expanding our footprint across India and the GCC, while also helping us build and launch our next-generation solution,” said Venugopal. Consequently, this strategic investment will accelerate product innovation and geographic expansion.

Meanwhile, the industrial AI and predictive maintenance space continues to attract strong investor interest. For instance, Infinite Uptime, which focuses on reducing maintenance downtime for manufacturers, raised $35 million in a funding round led by Avataar Ventures in March 2025. Similarly, UptimeAI, an AI startup specializing in manufacturing and heavy industries, secured $14 million in a Series A round led by Westbridge Capital, with participation from Emergent Ventures and Aditya Birla Ventures in July 2024.

Overall, Intellithink’s latest funding round highlights the growing momentum in the industrial AI and predictive maintenance sector. As manufacturers increasingly adopt AI-driven solutions to enhance efficiency and reduce downtime, startups like Intellithink are well-positioned to capture significant market share across India and global markets.

The Fern Hotels & Resorts expands Gujarat presence with Desert Inn Beacon in Rann of Kutch

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Suhail Kannampilly, Managing Director, The Fern Hotels & Resorts

The Fern Hotels & Resorts has announced the signing of Desert Inn Beacon, Greater Rann of Kutch, located in the Greater Rann of Kutch. With this development, the group continues to accelerate its expansion across Gujarat, thereby increasing its total portfolio of operational and upcoming properties in the region to 37.

Sharing his thoughts on the signing, Suhail Kannampilly, Managing Director, The Fern Hotels & Resorts, said, “Gujarat continues to be a key market in our growth strategy, offering immense potential driven by increasing tourism, commercial development, and infrastructure expansion. The signing of Desert Inn Beacon, Greater Rann of Kutch, further strengthens our regional footprint and aligns with our vision to expand into emerging destinations with quality hospitality offerings that cater to the evolving needs of today’s travellers.”

Furthermore, highlighting the partnership, Prahlad Singh, Partner, Hotel Desert Inn, said, “We are delighted to partner with The Fern Hotels & Resorts for Desert Inn Beacon, Greater Rann of Kutch. With The Fern’s strong brand reputation, operational excellence, and commitment to sustainable hospitality, we are confident that this collaboration will create a distinctive hospitality destination in the region and offer guests a memorable and elevated stay experience.”

The company will develop the upcoming property with 35 well-designed rooms and suites, thereby ensuring a refined and comfortable stay for both business and leisure travellers. Additionally, the hotel will feature an all-day dining restaurant that will offer a wide range of culinary options in an inviting setting, making it suitable for casual dining as well as social gatherings.

Moreover, the hotel will cater to corporate and social requirements by offering well-equipped event facilities, positioning it as an ideal venue for meetings, conferences, and celebrations. At the same time, guests will be able to relax and rejuvenate with amenities such as a swimming pool and dedicated recreation facilities, thereby enhancing the overall guest experience.

The Fern Hotels & Resorts continues to strengthen its footprint in Gujarat’s growing hospitality market through strategic partnerships and expansion into emerging destinations like the Rann of Kutch.

Brain health startup Ivory introduces AI-based cognitive “Treadmill Test” to advance cognitive screening

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Issac John and Rahul Krishnan, co-founders, Ivory

Ivory has introduced an innovative “treadmill test” for the brain, thereby addressing a critical gap in cognitive health assessment and preventive healthcare. With this launch, the startup aims to transform how individuals measure and monitor brain health using AI-driven solutions.

Founded in 2023 by Issac John and Rahul Krishnan during an Antler residency program, Ivory leverages artificial intelligence and neuroscience to build a platform that delivers measurable and trackable cognitive insights. Specifically, the platform evaluates key brain functions such as attention, memory, and executive function, thereby offering a comprehensive view of mental performance.

Moreover, Ivory provides users with a baseline cognitive score benchmarked against age and gender. In addition, the platform delivers a detailed breakdown of cognitive abilities along with actionable recommendations, enabling users to improve their mental fitness over time. Consequently, this data-driven approach positions Ivory as a leading preventive health solution in the growing brain health and digital health segment.

“Our goal is to make cognitive testing a routine part of healthcare, starting as early as the 40s. Today, most people seek help only when symptoms become severe, which limits intervention,” Krishnan said. “If we can bring cognitive screening into preventive care, we can potentially delay or reduce the incidence of serious conditions like dementia.”

Furthermore, Ivory recently secured $1 million in funding from Draper Associates and SAGE Venture Fund. The round also saw participation from the Ministry of Social Justice and Empowerment and was managed by IFCI Venture, a subsidiary of IFCI Limited, along with Small Industries Development Bank of India. This funding will enable the company to enhance its product capabilities, expand clinical validation, and develop intellectual property focused on cognitive screening technologies.

Amid rising institutional interest in preventive healthcare and scalable health-tech solutions, Ivory has partnered with Metropolis Healthcare to integrate its cognitive assessments into preventive health packages. Additionally, the startup is actively engaging with diagnostic chains, insurance providers, and corporate wellness platforms to expand its reach. At the same time, it collaborates with performance and longevity-focused platforms such as Ultrahuman to broaden its ecosystem.

“The broader idea is to embed cognitive assessment across different healthcare touchpoints—diagnostics, insurance, corporate wellness, and even sleep and longevity programmes,” John said.

Importantly, Ivory has designed its screening tools to help clinicians differentiate between early cognitive decline and temporary lifestyle-related issues such as brain fog, stress, or poor sleep. As a result, healthcare providers can make more accurate and timely interventions.

In line with its vision, the company is shifting from traditional subjective questionnaires to objective, data-driven cognitive measurements. Currently, Ivory is developing clinically validated tools that combine digital markers with voice-based biomarkers, while simultaneously conducting trials in hospital settings to establish robust baseline datasets.

Ivory is emerging as a key innovator in the brain health and preventive healthcare space by leveraging AI-powered cognitive assessments. With strong investor backing, strategic partnerships, and a focus on clinical validation, the startup looks ahead to redefine cognitive screening and make brain health monitoring an integral part of routine healthcare.

Fluidstack eyes $1 Bn funding at $18 Bn valuation amid rising AI data center demand

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BRL Editor
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Fluidstack, a fast-growing startup that builds specialized data centers for AI companies, is currently in discussions to raise a $1 billion funding round at an $18 billion valuation. According to reports, Jane Street may potentially lead the round, thereby signaling strong investor confidence in AI infrastructure startups.

If the deal materialises, it will more than double Fluidstack’s valuation within a short span, highlighting the rapid surge in demand for AI-focused data center infrastructure. Previously, in December, the company was reportedly raising around $700 million at a $7.5 billion valuation, although it did not officially confirm the closure of that round.

At that time, sources indicated that Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, was leading the round. Additionally, prominent backers included the Collison brothers of Stripe, former GitHub CEO Nat Friedman, and AI investor Daniel Gross.

Subsequently, discussions for the round continued into February, with Google reportedly considering a $100 million investment, as per The Wall Street Journal. These ongoing negotiations underscore the growing competition among investors to back high-potential AI infrastructure providers.

Meanwhile, Fluidstack has attracted significant attention due to its strategic partnerships and large-scale deals. In November, Anthropic announced that it had signed a $50 billion agreement with the startup to build custom-designed data centers in Texas and New York. Unlike hyperscalers such as Amazon Web Services, which cater to diverse computing needs, Fluidstack focuses exclusively on AI-specific infrastructure, thereby offering tailored solutions for high-performance workloads.

This landmark deal significantly boosted Fluidstack’s credibility, especially in the U.S. market, where it was previously less well-known. Although Anthropic continues to rely on Google Cloud and AWS to deliver its Claude AI models, it has increasingly sought greater control over its infrastructure. Similar to OpenAI, Anthropic is scaling rapidly, and this partnership enables it to secure additional computing capacity while maintaining operational flexibility.

As a result of this strategic shift, Fluidstack has realigned its global operations. Originally spun out of the University of Oxford and recognised as a rising player in Europe’s AI ecosystem, the company has relocated its headquarters from the United Kingdom to New York to capitalise on expanding opportunities in the U.S. market. Furthermore, the startup recently withdrew from a major €10 billion AI project in France to sharpen its focus on U.S.-based growth initiatives.

In addition to Anthropic, Fluidstack serves a growing roster of high-profile clients, including Meta, Poolside, and Black Forest Labs. Earlier, the company gained recognition for providing infrastructure support to Mistral, further solidifying its position in the global AI infrastructure market.

Fluidstack’s potential $1 billion funding round and soaring valuation reflect the intensifying demand for AI-driven data center solutions worldwide. As artificial intelligence adoption accelerates, the company aims to emerge as a key player in next-generation cloud infrastructure, thereby attracting significant investor interest and shaping the future of AI computing.

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