The company, founded in 2024, operates a complex ecosystem that integrates self-owned GPU clusters, a dedicated marketplace for compute, and serverless inference services. Their B300 cluster in Japan recently secured NVIDIA Exemplar Cloud status, a benchmark validation that underscores the platform's technical performance for specialized global workloads. By the end of September, the firm had secured over $5 billion in customer contracts, with the United States and Japan serving as primary revenue drivers.

CEO Stephen Watts intends to utilize the new capital to broaden the company's global compute capacity and hardware availability. Strategic efforts will focus on scaling the go-to-market and full-stack engineering teams to better serve enterprise clients, frontier labs, and emerging Neolabs. This financing round includes continued support from B Capital, reinforcing investor confidence in the startup's ability to maintain high-performance supply chain efficiency across its international data centers.