Vultr brings AMD on as a new investor as it raises $333mn to expand AI-focused data centre network
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Vultr, a cloud computing firm, raised $333 million in its first funding round, valuing the company at $3.5 billion. AMD participated as a new investor, indicating its interest in expanding AI-focused data centers.
December 19, 2024 | 8:00 am
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AMD has invested in Vultr's $333 million funding round, signaling its strategic interest in AI-focused data centers.
AMD's investment in Vultr's funding round suggests a strategic move to enhance its presence in AI and cloud computing sectors. This could positively impact AMD's stock as it aligns with growth in AI-focused infrastructure.
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