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Sources: Situational Awareness is pitching clients to invest in Fluidstack alongside it in a round that values the neocloud at $40B, up from $18B in September (Bloomberg)

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In short

Situational Awareness is pitching its clients to participate directly in an upcoming funding round for Fluidstack Ltd. The proposed deal sets the neocloud startup's valuation at $40 billion, according to sources reported by Bloomberg. This fresh effort arrives a mere three months after the company established an $18 billion benchmark back in September.

Key points

  • Situational Awareness is actively mobilizing capital from external clients to support Flu…: Situational Awareness is actively mobilizing capital from external clients to support Fluidstack's expansion.
  • Fluidstack is experiencing rapid valuation growth, more than doubling its price tag withi…: Fluidstack is experiencing rapid valuation growth, more than doubling its price tag within three months.
  • The neocloud provider is raising new capital shortly after securing an $18 billion valuat…: The neocloud provider is raising new capital shortly after securing an $18 billion valuation in September.

Sources checked by our analysis pipeline: 1

Bloomberg : Sources: Situational Awareness is pitching clients to invest in Fluidstack alongside it in a round that values the neocloud at $40B, up from $18B in September   —  Situational Awareness is raising money from its investors to plow into neocloud startup Fluidstack Ltd., just three months …

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