Nvidia · Ark Invest · Datacenter Dynamics
Hydra Host raises $100m in Series A funding round
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AI infrastructure provider Hydra Host has secured $100 million in Series A funding.
Key facts
- AI infrastructure provider Hydra Host has secured $100 million in Series A funding
- According to the companies, the project supports an underlying GPU-as-a-Service (GPUaaS) partnership that is expected to generate approximately $176 million in revenue over a 36-month term
- Existing investors Founders Fund, 10x Founders, Sterling Road, and Flume Ventures also participated
- The team are proud to partner with Kindred Ventures, a leading AI-focused venture capital fund in Silicon Valley, and Nvidia, creator of the GPU and their strategic partner, as Hydra enters its next growth
Summary
The funding round was led by Kindred Ventures, with participation from Nvidia, Ark Invest, SPLY Capital, Jasper Lau's Era Funds, Comcast Ventures, Magnetar, and Peak6. Existing investors Founders Fund, 10x Founders, Sterling Road, and Flume Ventures also participated. Hydra Host has said it will use the funding to expand its GPU-as-a-Service capacity to meet growing global demand. Hydra Host works with partner data centers instead of developing and operating its own.