According to a report by TechFlow citing sources familiar with the matter, cloud computing startup Fluidstack is in talks with investors to raise approximately $1 billion, targeting a valuation of $18 billion. The sources revealed that this funding round aims to accelerate Fluidstack's business expansion and further solidify its market position in distributed cloud computing and Web3 infrastructure.
Fluidstack focuses on decentralized cloud computing services, aiming to provide efficient and low-cost computing power support for blockchain projects and the cryptocurrency ecosystem. If this funding round is successfully completed, it will help enhance its technological research and development capabilities and expand its global business footprint.
