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Mavria raises $130 million at $1 billion valuation for factory-built data centers
Texas startup Mavria said it raised $130 million at a $1 billion valuation, led by Paradigm, to manufacture modular data centers, according to its announcement and Techmeme's summary of the Wall Street Journal.
Mavria, a Texas company that says it will manufacture data centers instead of building them as one-off construction projects, said it has raised $130 million to date at a $1 billion valuation1,2.
Techmeme summarized a Wall Street Journal report by Jennifer Hiller that the money came across pre-seed and seed rounds, that Paradigm led, and that Mavria aims to build modular data centers that can be shipped by truck1.
In a company post, co-founder and chief executive Adam Blake said the latest round values Mavria at $1 billion and was led by Paradigm, with participation from AMP PBC, Liquid 2, Critical Frontier, and Dream Ventures2.
Blake wrote that the first product, Terrain, is a factory-built data center platform meant to bring compute online faster and at more predictable cost, aimed at frontier labs, cloud providers, and data center developers2.
He said Terrain 01 is in production in Houston and that the company is using the capital on supply chains, manufacturing, and hiring2.
Blake said he and co-founders Nick Poradek and Seth Cohen worked together at the U.S. Department of Energy before starting the company2.
Mavria did not name customers or give delivery timelines in the announcement2.
The Journal article itself sits behind a paywall; this account relies on Techmeme's summary of that report and on Mavria's public post1,2.
Sources
How it’s being reported
2 sourcesFirst reported by
Mavria
Mavria, which aims to build modular data centers that can be shipped by trucks, raised $130M across pre-seed and seed rounds at a $1B valuation led by Paradigm (Jennifer Hiller/Wall Street Journal)
The size of the raise, the valuation, Paradigm's lead, and modular units shipped by truck
Aggregator points to a Wall Street Journal report that Mavria raised $130 million at a $1 billion valuation for truck-shippable modular data centers.
Leaves out Investor list beyond Paradigm, product name, and Houston production
Introducing Mavria
The company's own funding figures, product, manufacturing site, and founding team
CEO Adam Blake said Mavria raised $130 million at a $1 billion valuation led by Paradigm and is building Terrain, a factory-made data center platform, with Terrain 01 in production in Houston.
Leaves out The truck-shipping framing used in the Journal/Techmeme headline
Where they agree
- Mavria raised $130 million across early rounds
- The company is valued at $1 billion
- Paradigm led the latest financing
- The product is modular or factory-built data centers