✅ Salt Lake City-based Torus has raised $500 million in new growth capital, a funding round led by Magnetar, with participation from four other named investors. In total, the company has raised $767 million.
✅ According to Torus, the monies will be used to A) expand its Utah manufacturing operation, B) launch its new line of Foundry AI computing systems, and C) deploy both Foundry and its energy-storage technology solutions across the United States.
✅ Available in customizable configurations, Foundry is designed to allow clients to combine energy storage, power management, and modular computing capabilities into Lego-like solutions. Torus says it can bring new installations online in 12–16 weeks as it intends to deploy more than 47,000 graphics processing units (GPUs) by the end of 2027.…