TAR Raises $120m at $1bn Valuation for Off-Grid AI Power
The Austin startup said its off-grid systems can deploy in months as it expands projects for neocloud and data center customers.
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TAR raises $120m at $1bn valuation for off-grid AI power
TAR has raised a $120m Series A led by Spark Capital at a $1bn post-money valuation. The Austin company builds off-grid power systems for AI data centres. The company announced the round on Thursday. Prior investors Buckley Ventures and Align Fund also took part, Bloomberg reported. Spark Capital is an investor in Anthropic, Bloomberg noted. […] This story continues at The Next Web
Anthropic Investor Leads Funding for Off-Grid AI Power Startup
A startup that builds off-grid power systems for data centers said it raised $120 million in a Series A funding round led by Spark Capital, an investor in artificial-intelligence developer Anthropic PBC.
The US start-up TAR earned $120 million in a Series A round that led to a US$1 billion valuation, while developing autonomous renewable energy systems and batteries for artificial intelligence data centers.
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Cryptocurrency News | Cryptocurrency Prices | Market CapAustin startup TAR raises $120M to build off-grid power systems for AI data centers
Austin startup TAR closed a $120M Series A led by Spark Capital, reaching a $1B valuation to build off-grid power systems for AI data centers.
TAR Raises $120 Million at $1 Billion Valuation for Off-Grid AI Power
Power availability is becoming one of the primary constraints on new AI data center capacity, with grid interconnection timelines and... The post TAR Raises $120 Million at $1 Billion Valuation for Off-Grid AI Power appeared first on citybiz.
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