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Torus Raises $500M to Deploy Modular AI Compute Where Power Already Exists

A row of prefabricated modular data center units stretches across a flat Utah desert construction site at golden hour, their corrugated steel panels glowing amber against a vast pale sky

AI-generated summary Salt Lake City energy-storage startup Torus closed a 500 million dollar Series C funding round led by Magnetar on November 11, 2026, to scale production of its containerized AI inference unit called Torus Foundry. Torus says the modular unit plugs into spare transformer headroom to deliver live AI compute in 12 to 16 weeks without requiring a new grid connection.

AI Data Centers Funding

Also covered by Tech Times DevCuration
Earlier: Utah-Based Startup Raises $500 Million for Modular AI Data Center
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