Share story
Infrastructure

Samsung commits $1 billion to KKR-backed AI infrastructure company Helix

Samsung has committed $1 billion to Helix Digital Infrastructure through a long-duration capital fund, Helix and KKR announced. The commitment adds to more than $10 billion previously committed to the Helix strategy by founding investors including KKR, the Kuwait Investment Authority, Nvidia and Vistra. Helix plans to use the added capital to invest in data centers, power, connectivity and related infrastructure for large cloud customers. It also expects to explore Samsung's capabilities in construction, energy storage and cooling. The announcement is a funding commitment; those potential operational partnerships remain exploratory.
Sources
financialcontent.com
In this story
Nvidia Samsung
Published by Tech & Business, a media brand covering technology and business. This story was sourced from financialcontent.com and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
AI Capital
AI Capital

Instinct confirms $1 billion Series C at $10 billion valuation

AI assistant startup Instinct confirmed a $1 billion Series C backed by investors including Sequoia Capital, Benchmark Capital and Coatue. The round values the company at $10 billion, up from the $2.5 billion valuation it announce...

TechCrunch
AI Capital
AI Capital

SiMa.ai raises $150 million for on-device AI chips

SiMa.ai has raised a $150 million Series C at a $1.45 billion valuation to develop chips and software that run AI directly on robots, drones, cameras and other devices. Fidelity Management & Research Company and Amplify co-led the...

TechCrunch
Capital Infrastructure
Capital Infrastructure

Maritime data startup Quartermaster raises $140 million in Series B

Quartermaster has raised $140 million in a Series B round, TechCrunch reported. About $100 million came from investors including Insight Partners and Overmatch Ventures; the remaining $40 million is a debt facility from Stifel. Th...

TechCrunch