Fluidstack plans to raise $1 billion, raising its valuation to $18 billion.

PANews reported on April 14th that, according to Bloomberg, cloud computing startup Fluidstack is in talks with investors for a new funding round of approximately $1 billion, targeting a valuation of around $18 billion. Sources familiar with the matter said Jane Street and Situational Awareness are in discussions to co-lead the round, with Morgan Stanley advising on the investment. This valuation represents a significant increase from its earlier funding round of approximately $7.5 billion this year, when investors included Situational Awareness, the fund of former OpenAI researcher Leopold Aschenbrenner. Fluidstack focuses on building high-performance computing data centers. It recently signed a $50 billion custom data center construction agreement with Anthropic, moved its headquarters from London to New York, and withdrew from a large data center project in France, focusing instead on its US operations.