Torus
Category: AI Infrastructure
Utah-based manufacturer of distributed energy storage and modular AI inference compute (Torus Foundry) that deploys on existing grid capacity. Torus was founded in 2021. The company is led by Nate Walkingshaw. Based in Salt Lake City, Utah, United States. Team size: 101-500. Total funding raised: $767M. Latest round: Series C. Key investors include Magnetar, ICONIQ Capital, Origin Ventures, Trinity Capital, Ridgeline Partners, Epic Ventures, Cumming Capital, Larry H. Miller Company, Zions Bank, Pelion.
- Founded
- 2021
- Headquarters
- Salt Lake City, Utah, United States
- Team size
- 101-500
- Total funding
- $767M
Value proposition
Brings AI inference compute to where grid power already exists. Prefabricated Foundry units (1-20 MW) go from contract to running workloads in 12-16 weeks, paired with Torus Reserve storage for load shaping, with no new grid infrastructure.
Products and solutions
Torus Foundry (modular AI inference compute), Torus Reserve (hybrid flywheel + LFP battery storage), Torus Protect (physical and cyber security, networking), Torus Arc (energy management OS). Foundry is offered as Strategic (powered shell), Partner (turnkey bare metal with GPUs) or Direct (sovereign inference capacity) models.
Unique value
Foundry brings the chips to the power rather than power to the chips. It is vertically integrated (grid to rack), prefabricated in the US, and installed behind the meter on existing interconnections.
Target customer
AI cloud and inference providers, enterprises needing sovereign or on-prem inference, electric utilities, and commercial and industrial facilities.
Industries served
AI infrastructure / data centers, electric utilities, industrial manufacturing, commercial buildings, government and emergency services, education
Technology advantage
Hybrid inertial flywheel plus battery storage enabling millisecond ramping and load shaping so more compute fits on an existing interconnection; in-house manufacturing at the 545,000 sq ft GigaOne facility, with a Foundry line planned for 500 MW of IT load scaling to 1 GW; waterless closed-loop cooling; BABA-compliant supply chain.
How they differentiate
Competitors mostly build new power or campuses. Torus unlocks stranded capacity on existing grid interconnections at distributed edge sites, deploys in weeks, and manufactures energy storage and compute in-house in the US.
Main competitors
Crusoe (Spark modular data centers), Vertiv, Schneider Electric
Key partnerships
Rocky Mountain Power / PacifiCorp (utility dispatch partner, 450+ dispatches in 2026), Hydra Host (first Foundry customer), NVIDIA GPUs used in Foundry, Folding@home (donated GPU time to medical research), Magnetar (strategic capital).
Notable customers
Hydra Host, Rocky Mountain Power (utility partner), American Packaging Corporation, SilencerCo, JD Machine, National Vision, Schaeffer Industries, SLVECC (emergency dispatch), Waterford School
Major milestones
2021 founded in Springville, Utah, Apr 2024 $67M Series A, Sep 2025 $200M from Magnetar, early 2026 GigaOne production line opened, R&D 100 Award 2025, Nov 2026 launched Foundry and raised $500M Series C led by Magnetar.
Growth metrics
Nearly 400 employees; 545,000 sq ft GigaOne factory and 590,000 sq ft total in Utah; 230+ system deployments in 2025 managing 1 GW+ of facility power; thousands of GPUs deployed today, targeting 47,000+ GPUs in Foundry units by end of 2027; 500 MW of utility partnerships under MOU with PacifiCorp.
Market positioning
Energy-storage-turned-AI-infrastructure manufacturer targeting distributed enterprise and edge inference rather than hyperscale training campuses.
Geographic focus
United States
Patents and IP
Described as 'patented' flywheel/battery hybrid storage technology (specific patent numbers not verified); R&D 100 Award 2025.
About Nate Walkingshaw
Founder of a medical device company (EMS hardware to reduce injuries) acquired by Stryker in 2009; started career as an EMT; Co-founder and CEO of Torus since 2021; Board of Trustees member, Waterford School.
Latest news about Torus
More AI Infrastructure companies
Official website: https://www.torus.co