Torus has secured $500 million in growth capital led by Magnetar and launched Foundry, a modular AI infrastructure system designed to deploy inference computing at sites with available electrical capacity.
ICONIQ, Origin Ventures, Ridgeline Partners and Trinity Capital participated in the financing. The proceeds will support manufacturing expansion and deployments of Torus Reserve energy systems and Foundry infrastructure across the United States.
Foundry combines power, storage, cooling, networking and computing in prefabricated systems offering 1 to 20 megawatts per site. Torus says deployments can move from contract to running workloads within 12 to 16 weeks, using existing grid connections.
Each installation is paired with Torus Reserve, which combines energy storage and management capabilities to shape demand, support rapid power changes and provide backup power. The approach is intended to make more computing capacity available within an existing interconnection.
The company is launching Foundry with Hydra Host and another AI cloud provider. Customers can choose a powered enclosure without GPUs, a turnkey bare-metal installation including GPUs, or dedicated inference capacity allocated exclusively to an enterprise’s workloads.
Torus says thousands of GPUs are already deployed in Foundry systems. It plans to exceed 47,000 deployed GPUs by the end of 2027.
The systems are manufactured at GigaOne, Torus’s 545,000-square-foot facility in Salt Lake City. Its Foundry production line is intended to support 500 megawatts of IT load, with plans to expand to 1 gigawatt.
Torus employs nearly 400 people and builds key components internally. It also provides ongoing operations and maintenance.
The company’s strategy targets distributed inference workloads, placing smaller computing installations closer to enterprise demand. By using prefabricated equipment and existing electrical capacity, Torus aims to shorten deployment schedules compared with construction of new large-scale data center campuses.
KEY QUOTES:
“The industry has been trying to solve AI’s power problem by building net-new infrastructure, which causes costs to potentially rise and takes years to bring compute online. Inference doesn’t have to wait. We’ve spent years learning how to make the grid more affordable, flexible, resilient, and intelligent, and Foundry applies that to compute: capacity in weeks, with power that’s already available. Most providers are bringing power to the chips. Foundry brings the chips to power.”
Nate Walkingshaw, CEO And Founder Of Torus
“One of the biggest challenges in scaling AI infrastructure is access to power, and the solution isn’t simply generating more of it, but making better use of what’s already available. Torus has spent years building the energy infrastructure and expertise to address this challenge. Foundry builds on that foundation by bringing compute to available power, helping unlock capacity within the existing grid. As demand for AI inference accelerates, we believe solutions like Foundry will become increasingly important, and we’re excited to continue supporting Nate and his team as they scale.”
Dave Snyderman, Managing Partner And Global Head Of Alternative Credit & Fixed Income At Magnetar
