Torus Raises $500 Million for Modular AI Data Centers

Nov 11, 2026
Torus raised $500 million to manufacture Foundry, a modular system that combines battery storage with AI inference computing.

Torus raised $500 million in Series C funding to manufacture Foundry, a modular system that combines battery storage with AI computing, Bloomberg reports. The round was led by Magnetar, with participation from Iconiq Capital, Origin Ventures and Trinity Capital.

Foundry units are built inside shipping containers and specialize in AI inference. The systems range from one to 20 megawatts and can be installed within four months at businesses or factories with available grid capacity.

AI infrastructure company Hydra Host is among the customers. Torus also sells modular battery systems that help businesses manage energy use and power costs.

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