Volta secured a reported $10B AI compute infrastructure deal with Anthropic for a Norwegian datacenter.
Volta, an AI cloud startup backed by Nvidia and Michael Dell, plans to establish AI factories in Norway and beyond, targeting multiple gigawatts of capacity by 2030. The company describes itself as a vertically integrated AI infrastructure business designed to finance, build, and operate AI factories—positioning itself alongside competitors like Nscale and CoreWeave in the rent-a-GPU market, though with notably prominent backers.
Emerging from stealth mode, Volta has raised approximately $300 million across seed and Series A funding rounds, achieving a $2.4 billion valuation. Andreessen Horowitz and Nvidia led the latest round, with additional investment from Michael Dell's family office.
The startup claims a $10 billion strategic partnership with an AI lab—identified elsewhere as Anthropic, the model developer. Anthropic is reportedly securing access to Volta's compute resources over a six-year period.
Volta's initial project is a 133 MW facility in Norway developed in partnership with cryptocurrency miner and GPU cloud operator Bitdeer. The facility is expected to leverage Nvidia Vera Rubin systems, the rack-scale infrastructure showcased by Nvidia at CES earlier this year. This first facility sits within a broader development pipeline exceeding 1 GW of capacity across North America and Europe.
The company plans to construct its sites using Nvidia's DSX reference architecture and software tooling, which cover the design, simulation, construction, and operation of AI factories—including digital twins to model facilities before construction.
Volta positions itself as "the world's first fully vertically integrated AI infrastructure platform, extending beyond technology into capital formation," combining infrastructure finance, datacenters, compute, software, and operations to accelerate deployment and reduce financing costs.
"Compute has become a new infrastructure asset class, with AI models and applications as the verticals built on top," said founder and CEO Ricard Boada. "Our ambition is to build The Utility of Compute so that compute works as reliably and invisibly as electricity, while being priced transparently and built to endure."