Market · AI in practice
Torus launches Foundry and raises $500 million for inference at sites already on the grid
Torus launched Foundry and announced $500 million in growth capital, led by Magnetar, with ICONIQ, Origin Ventures, Ridgeline Partners and Trinity Capital. Modules run from 1 to 20 MW per site, behind the meter, with 12 to 16 weeks from contract to a running workload. The first named customer is Hydra Host.
What the sources report
Torus launched Foundry, modular AI inference infrastructure, and announced $500 million in growth capital, led by Magnetar, with ICONIQ, Origin Ventures, Ridgeline Partners and Trinity Capital also in the round.
Foundry is a prefabricated stack of power, storage, cooling, networking and compute, sized from 1 to 20 MW per site, installed behind the meter on power the grid already has. The company says a site can go from contract to running AI workloads in 12 to 16 weeks. The first named customer is Hydra Host. Torus says it has thousands of GPUs deployed today. The plan is to reach more than 47,000 by the end of 2027.
My take
A lot of AI capacity today is waiting on a new power hookup. Foundry's bet is to use headroom the grid already has and bring inference online in weeks, at sites that already exist.