Torus announced $500 million in growth capital on November 11, 2026, alongside the launch of Foundry, prefabricated modular infrastructure for AI inference. Magnetar led the financing, with proceeds earmarked for expanding Torus’s Salt Lake City manufacturing operation and deploying its power and compute systems across the United States. ICONIQ, Origin Ventures, Ridgeline Partners and Trinity Capital also participated. Foundry integrates power, storage, cooling, networking and compute in one…
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Torus Raises $500M Growth Capital to Expand Modular AI Infrastructure