AI Cloud Startup Vultr Secures $333M in First Funding Round at $3.5B Valuation

AMD Ventures and LuminArx Capital co-led the investment to support Vultr's global expansion and AI infrastructure growth.

Vultr, a privately-held AI cloud infrastructure provider, raised $333 million in its first-ever equity financing round, valuing the company at $3.5 billion.
The funding round was co-led by AMD Ventures, the investment arm of chipmaker AMD, and hedge fund LuminArx Capital Management.
Vultr plans to use the capital to expand globally and acquire more GPUs, which are in high demand for powering AI applications like large language models.
AMD's involvement highlights its ongoing competition with Nvidia and Intel in the AI infrastructure market, as it seeks to elevate its presence in the sector.
The decade-old company operates 32 data centers worldwide and serves enterprise clients, including Microsoft’s Activision Blizzard.