AI Startup Merges With A Billionaire-Backed Data Center Operator In $2.5 Billion Deal [Forbes]
Victorias Secret & Co. (VSCO)
Company Research
Source: Forbes
William Falcon built a popular open source tool PyTorch Lightning used by AI researcher. Now, he's merged his startup with data center operator Voltage Park to create an "AI cloud" with a $2.5 billion valuation. © 2024 Bloomberg Finance LP Lightning AI founder and CEO William Falcon began renting AI chips from data center provider Voltage Park last March to help his clients train and finetune AI models. Less than a year later, his Nvidia-backed startup is merging with the AI factory, which manages over 35,000 Nvidia GPUs. Falcon said that the merged company, to be called Lightning AI, was valued at over $2.5 billion and that it had over $500 million of annual recurring revenue, which includes GPU rentals booked through Voltage Park. Lightning had grown from building a popular open source tool PyTorch Lightning, which helps researchers manage machine learning, to bundling software to help corporates like German chip company Infineon and advertising agency Monks manage building
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VSCO
Earnings
- 12/5/25 - Beat
VSCO
Sec Filings
- 12/5/25 - Form 10-Q
- 12/5/25 - Form 8-K
- 11/4/25 - Form DEFA14A
- VSCO's page on the SEC website