Volta, a London-based AI cloud startup, has emerged from stealth after completing a Seed Round and a Series A, valuing the company at €2.07 billion ($2.4 billion). The rounds were led by Azora, Andreessen Horowitz, Altimeter and NVIDIA, with participation from strategic investors including the family office of Michael Dell and Matter Venture Partners.
According to Bloomberg, the company raised a total of €259.8 million ($300 million) across both rounds. Volta also announced that it had secured a €8.6 billion ($10 billion) strategic partnership with an AI lab to develop an AI factory in Europe alongside Bitdeer. Bloomberg News, citing people familiar with the matter, reported that the contract is with Anthropic.
Volta has also established an AI Infrastructure Programme with Madrid-based global real estate and infrastructure investment manager Azora, to provide $5 billion of financing for the next generation of AI factories developed by the company.
Ricard Boada, co-founder and CEO at Volta, said, “Compute has become a new infrastructure asset class, with AI models and applications as the verticals built on top. Every technology revolution has run on a physical layer beneath it. Railways carried industrialisation. Electricity lit manufacturing. Fibre carried the internet.
“We founded Volta because compute should be financed, developed, and commercialised with the principles and scale of infrastructure. Our ambition is to build The Utility of Compute so that compute works as reliably and invisibly as electricity, while being priced transparently and built to endure.”
Founded in 2026 by Boada and Chief Corporate Development Officer Sofia Gumuzio, Volta is a fully vertically integrated AI infrastructure platform and NVIDIA Cloud Partner. It states that its mission is to build The Utility of Compute
and enable frontier AI labs, AI-native companies, and enterprises to access dedicated AI infrastructure that is dependable, scalable, and enabled by low-cost infrastructure capital.
Volta notes it develops, finances, builds, and operates AI factories by integrating institutional capital, powered land, data centres, compute, software, and operations under a single platform.
According to the company, AI is creating a new infrastructure economy, but access to dedicated AI infrastructure remains fundamentally constrained. It further notes that while the world’s largest technology companies can finance AI infrastructure on their own balance sheets, frontier AI labs, AI-native companies, and enterprises remain dependent on scarce cloud capacity. This is because the capital required to develop dedicated AI infrastructure has remained largely inaccessible. “The primary constraint is not demand, power, or chips. It is financing,” Volta mentioned.
The company believes that compute is infrastructure and should be financed as such. Volta claims that it is addressing one of AI infrastructure’s biggest bottlenecks, which is access to affordable capital, by bringing together institutional infrastructure capital, powered land, data centres, compute, software, and operations under one platform. The result is AI factories that are faster to deploy, more scalable, and financed at a lower cost of capital.
Located in Norway, the project, being developed by Volta in partnership with the undisclosed AI lab, will comprise a 133 MW deployment powered by NVIDIA Vera Rubin systems. It is the first project within Volta’s broader development pipeline, which today exceeds 1 GW of near-term power capacity across North America and Europe. The company intends to develop these sites using NVIDIA’s DSX platform, targeting multiple gigawatts of deployed capacity by 2030.
“AI is transforming compute from a technology product into critical infrastructure. Meeting that demand requires a platform that can mobilise infrastructure capital, secure power, and execute at industrial scale while moving at the pace of AI innovation. That’s what Volta was built to do,” said Sofia Gumuzio, co-founder and CCDO at Volta.
The AI Infrastructure Programme, established with Azora, provides Volta with a proprietary source of large-scale, non-dilutive infrastructure capital. This, as per the London-based firm, creates a structural advantage that enables the company to develop AI factories at greater scale, with a lower cost of capital, and with greater financing certainty for customers and strategic partners. In turn, institutional investors gain direct access to invest in Volta’s AI factories at cost, with returns supported by long-term contracted cash flows.
Earlier this year, Volta acquired Genesis Cloud technology, adding a complete software stack spanning public AI cloud and bare metal cluster management. This enables Volta to rapidly introduce new AI cloud platform capabilities to customers by combining novel financing and new infrastructure development with existing production cloud capabilities under one company.
Since its founding, Volta has grown to around 100 professionals across London, Palo Alto, and New York.
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