Company intelligence

Fluidstack

Asset-light AI data-center builder that leases GPU capacity without owning the underlying chips; valuation jumped to $18B after a $1.5B round led by Jane Street in September 2026, anchored by a roughly $50B Anthropic compute deal.

AI infraLondon, England, UKFounded 2017Website โ†—
Last verified July 2026

Key Metrics

Valuation
$7.5B
As of July 2026Forbes
Total funding
$2.6B+
As of Sep 16, 2026Value Add Pulse research

Company Snapshot

Fluidstack is a AI infra company, based in London, England, UK, founded 2017. Latest valuation $7.5B (As of July 2026, Forbes). Total funding $2.6B+ (As of Sep 16, 2026).

Recent changes

  1. July 2026Valuation fell from $18B to $7.5B Forbes
  2. Sep 16, 2026First reported total funding: $2.6B+ Value Add Pulse enrichment
  3. Sep 11, 2026Pentagon Weighs $5B Loan For AI Cloud Startup Fluidstack Pulse story
  4. Sep 5, 2026Jane Street Leads $1.5B Into Fluidstack at $18B Pulse story
  5. Sep 3, 2026Raised $1.5B Growth at a $18B valuation Value Add Pulse enrichment
Earlier changes (5)
  1. Sep 3, 2026Raised $1.5B at a $18B valuation Forbes
  2. Sep 3, 2026First reported valuation: $18B Forbes
  3. Sep 3, 2026New investor: Jane Street Forbes
  4. Jul 2026Raised $750M Growth at a $7.5B valuation Value Add Pulse enrichment
  5. 2019Raised $3M Seed Value Add Pulse enrichment

Funding History

4 events ยท sources dated per row
DateEventAmountValuationInvestorsSource
Sep 3, 2026funding round$1.5B$18B
Jane StreetJane Street Capital
outlined = lead
Forbes
Sep 3, 2026Growth$1.5B$18B
Value Add Pulse research
Jul 1, 2026Growth$750M$7.5B
Value Add Pulse research
Jan 1, 2019Seed$3Mโ€”
Value Add Pulse research
Valuation over time
$0M$9.9B$20B2026-09July 20
Underlying values
As ofValueMethodSource
July 2026$7.5BReportedForbes
Sep 16, 2026$18BReportedValue Add Pulse research
Sep 3, 2026$18BReportedForbes
Sep 3, 2026$18BReportedForbes

Investors

Latest Pulse

  1. Oracle, Microsoft And The Pentagon, By The NumbersValue Add Pulse tallies three numbers from the past week's AI infrastructure coverage -- Oracle's $664B cloud backlog, Microsoft's 38GW power target, and the Pentagon's proposed $5B loan to Fluidstack -- that together price the buildout's capital intensity.โ†’
  2. Pentagon Weighs $5B Loan For AI Cloud Startup FluidstackThe Pentagon's Office of Strategic Capital is negotiating what would be its largest loan ever -- not to build a new AI data center, but to shore up the supply chain behind the ones already under construction.โ†’
  3. TeraWulf's AI Data Center Has a Four-Company Accountability GapA fire at TeraWulf's $3.2 billion Lake Mariner AI data center exposed how the site's four-party structure -- TeraWulf, Fluidstack, Google and Anthropic -- leaves no single company clearly accountable when something goes wrong.โ†’
  4. Why AI Compute Swallowed the Week's Venture DollarsCrusoe, Fluidstack and Gimlet Labs closed $4.8 billion between them in five days, and every dollar landed in the layer between the chips and the models rather than in the applications built on top.โ†’
  5. Jane Street Leads $1.5B Into Fluidstack at $18BThe Oxford spinout that builds and operates data centers for Anthropic and Google has more than doubled its valuation since December, on the back of contracts it signed before it owned a single chip.โ†’

Coverage Timeline

newest first
  1. FUNDINGOracle, Microsoft And The Pentagon, By The Numbersโ†’
  2. FUNDINGPentagon Weighs $5B Loan For AI Cloud Startup Fluidstackโ†’
  3. AITeraWulf's AI Data Center Has a Four-Company Accountability Gapโ†’
  4. FUNDINGWhy AI Compute Swallowed the Week's Venture Dollarsโ†’
  5. FUNDINGJane Street Leads $1.5B Into Fluidstack at $18Bโ†’

All Coverage

FUNDING

Oracle, Microsoft And The Pentagon, By The Numbers

FUNDING

Pentagon Weighs $5B Loan For AI Cloud Startup Fluidstack

AI

TeraWulf's AI Data Center Has a Four-Company Accountability Gap

FUNDING

Why AI Compute Swallowed the Week's Venture Dollars

FUNDING

Jane Street Leads $1.5B Into Fluidstack at $18B

Value Add Research

Related Companies

More on FluidstackAI Buildout Tracker โ†’Big Tech AI Spending โ†’AI Valuations โ†’
Sources & methodologyshow
Where these figures come from
  • Forbesmajor outlet2 facts
  • Value Add Pulse researchValue Add VC data4 facts

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data ยท Suggest a correction