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What will be the primary use of Vultr's GPUs by June 30, 2025?
2
Vultr•AMD Ventures•Advanced Micro Devices•LuminArx Capital Management•West Palm Beach•Florida•AMD•Nvidia
Resolution / Starting Odds
AI Model Training • 25%
Cloud Computing Services • 25%
Data Analytics • 25%
Other • 25%
Official statements or reports from Vultr detailing the use of GPUs
Story
Vultr Raises $333M in First Outside Funding Led by AMD Ventures and LuminArx, Valued at $3.5B
Dec 18, 2024, 04:00 PM
Cloud computing and AI infrastructure startup Vultr has secured $333 million in its first external funding round, achieving a valuation of $3.5 billion. The growth financing was led by AMD Ventures, the venture arm of semiconductor company Advanced Micro Devices, and hedge fund LuminArx Capital Management. Vultr, based in West Palm Beach, Florida, plans to utilize the funds to expand its AI infrastructure, particularly by acquiring more graphics processing units (GPUs) to meet the growing demand for AI computing. This investment marks a strategic move for AMD to enhance its presence in the AI market, challenging competitors like Nvidia.
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