QumulusAI
Category: AI Infrastructure
QumulusAI provides on-demand and bare metal GPU compute for breakthrough performance and reliability in large-scale AI workloads QumulusAI was founded in 2019. The company is led by Michael Maniscalco. Based in Marietta, Georgia, United States. Team size: 11-50. Total funding raised: $500M. Latest round: IPO. Key investors include Permian Labs, USD.AI Protocol, ATW Partners.
- Founded
- 2019
- Headquarters
- Marietta, Georgia, United States
- Team size
- 11-50
- Total funding
- $500M
Value proposition
To provide a comprehensive and efficient solution for AI computing by addressing the challenges of power, cooling, and scalability through vertically integrated infrastructure with transparent, all-inclusive pricing
Products and solutions
QumulusAI Cloud (Shared GPUs), QumulusAI Cloud Pro (Dedicated GPUs), QumulusAI Cloud Pure (Bare Metal Clusters), High-Performance Computing Infrastructure, AI-First Data Centers, Power Generation Solutions
Unique value
Vertically integrated approach combining power generation, energy-efficient data centers, and high-performance computing with blockchain-backed financing model and hyperspeed deployment strategy
Target customer
Enterprise clients, research institutions, AI startups with large-scale AI and machine learning needs
Industries served
Technology, Research, Finance, Healthcare, Education
Technology advantage
Control over the entire infrastructure stack allows for predictable pricing, enhanced performance, and greater energy efficiency. Novel blockchain-backed financing model provides significant capital advantage for scaling operations with tokenized GPU collateral
How they differentiate
QumulusAI differentiates itself by providing integrated, high-performance GPU-powered cloud infrastructure specifically for artificial intelligence with energy-efficient data centers and a 'neocloud' model. Their innovative blockchain-backed financing model and vertically integrated infrastructure stack sets them apart from traditional cloud providers
Main competitors
Amazon Web Services (AWS), Google Cloud Platform (GCP), Microsoft Azure
Key partnerships
Permian Labs (financing partner), USD.AI Protocol (blockchain credit protocol), NVIDIA (GPU hardware)
Notable customers
Not publicly disclosed
Major milestones
Secured $500M non-recourse financing facility through USD.AI Protocol (October 2025), Appointed Michael Maniscalco as CEO (September 2025), Appointed Ryan DiRocco as CTO and Stephen Hunton as CMO (September 2025), Deployed 1,144 NVIDIA Blackwell GPUs via USD.AI facility drawdown (February 2026), Secured $45M ATW Partners convertible note facility (April 2026), expanded to $90M total commitment (June 2026), Completed Nasdaq Global Market direct listing under ticker QMLS (July 16, 2026), Signed $32M and $71.9M multi-year Blackwell GPU capacity agreements with AI inference platform providers (mid-2026), totaling $246M+ in customer agreements since June 2026
Growth metrics
Over 800 GPUs deployed across three colocation data centers (Marietta, GA & Kansas City, MO); 1,144 NVIDIA Blackwell GPUs deployed via USD.AI facility drawdown (Feb 2026), targeting 20,000+ GPUs by end of 2026; 60 MW active grid power in Watonga & Tulsa, OK plus a scheduled Denton, TX site
Market positioning
QumulusAI is positioned as a specialized 'neocloud' provider, targeting the high-performance computing needs of the AI industry with a focus on modular, distributed deployment strategy
Geographic focus
United States with operations in Georgia, Oklahoma, Texas, and North Carolina
Patents and IP
No publicly available information on patents
About Michael Maniscalco
Former CTO of Applied Digital (APLD), Co-founder of Applied Digital, extensive experience in building and scaling data centers, cloud infrastructure, and high-performance computing environments
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Official website: https://www.qumulusai.com