Energy storage startup Torus raises $500M for modular AI data center product

Salt Lake City-based Torus closed a $500M Series C led by Magnetar to commercialize prefabricated data centers sized from 1MW to 20MW that combine its energy storage technology with compute infrastructure.

First covered Nov 11, 2026 · 5:25 AM PT · 2 articles

Energy storage startup Torus raises $500M for modular AI data center product — Image via datacenterdynamics.com

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5h Data Center Dynamics Energy storage firm Torus launches prefabricated modular data center product, raises $500m — Funding to support scaling of Torus Foundry product

23h Bloomberg Salt Lake City-based energy storage startup Torus raised a $500M Series C led by Magnetar to build shipping container-sized AI data centers at 1MW to 20MW sizes — Torus, an energy-storage startup, said it raised $500 million in funding to help launch a new shipping container-sized product …

More coverage from around the web

thetechcapital.com Torus raises $500 million to expand modular AI data centre production - The Tech Capital

qz.com Torus raised $500 million to manufacture AI computing units

fourweekmba.com Torus Raises $500M for Battery-AI Containers, 2.5x 2025 Deal - FourWeekMBA

aiweekly.co Torus raises $500M for Foundry container-sized AI data centers

dealroom.co Torus raises $500M Series C for modular AI data centers

Appeared in: 2026-11-12 (#14)

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Energy storage startup Torus raises $500M for modular AI data center product

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