Torus completes $500 million Series C funding round and launches AI inference computing product Foundry.

Salt Lake City-based energy storage company Torus has raised $500 million in Series C funding, led by Magnetar, with participation from ICONIQ, Origin Ventures, Ridgeline Partners, and Trinity Capital. Torus has launched Foundry, a modular AI inference computing product that integrates power supply, energy storage, cooling, networking, and computing power into prefabricated equipment. Each site has a capacity of 1 to 20 megawatts and takes 12 to 16 weeks from signing to deployment. Initial customers include Hydra Host, and Torus aims to deploy more than 47,000 GPUs by the end of 2027.