CoreWeave partner EcoDataCenter racks up half a billion dollars to build more sustainable buildings for AI

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EcoDataCenter, a Swedish company that builds eco-friendly data centers used by major compute providers to handle their AI traffic, has raised nearly half a billion dollars — $478 million (€450 million) to be exact — in anticipation of more demand. 

The equity funding, which is coming from a group of unnamed institutional investors, will be used to continue developing new technologies for more “green” data centers and to build those structures. 

The news comes just two days after one of EDC’s major customers, the AI compute…



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CoreWeave partner EcoDataCenter racks up half a billion dollars to build more sustainable buildings for AI


EcoDataCenter, a Swedish company that builds eco-friendly data centers used by major compute providers to handle their AI traffic, has raised nearly half a billion dollars — $478 million (€450 million) to be exact — in anticipation of more demand. 

The equity funding, which is coming from a group of unnamed institutional investors, will be used to continue developing new technologies for more “green” data centers and to build those structures. 

The news comes just two days after one of EDC’s major customers, the AI compute…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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