Vultr Secures Funding at $3.5B Valuation, Driving AI Cloud Expansion

📅 December 19, 2024 - Vultr, one of the largest privately held cloud infrastructure providers, has secured a new growth funding round at a $3.5 billion valuation. The latest funding was led by AMD Ventures and LuminArx Capital Management. This investment aims to support Vultr's aggressive global expansion and enhance its offerings in cloud computing and AI infrastructure, furthering its mission to become a leading alternative to traditional hyperscalers.

Founded in 2014 by David Aninowsky, Vultr has operated independently for nearly a decade. The company boasts a unique combination of price-to-performance efficiency, global reach, scalability, and compliance, making it a compelling choice for businesses and AI [...][... Check source for end of article ...]

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