Yotta invests in AI infrastructure, targets global clients ahead of IPO
Yotta Data Services is significantly expanding its AI compute capacity with a major GPU build-out, aiming to attract international clients as it prepares for a potential initial public offering.
Yotta Data Services is constructing one of India's largest AI compute reserves, planning a substantial GPU deployment to secure global clientele. The company intends to invest $7 billion in AI infrastructure by fiscal year 2027.
The expansion includes the deployment of 40,000 NVIDIA Blackwell GPUs within the next four months, aiming for a total capacity of approximately 85,000 chips by the end of FY27. A significant portion of this compute power is earmarked for international markets, where demand and pricing are reportedly higher.
This strategic shift has led to Yotta's customer mix changing from primarily domestic to 75% international and 25% domestic, with projections to reach a 90:10 ratio by year-end. This focus on overseas markets is driven by stronger demand and a reported 50% higher pricing.
To fund its expansion, Yotta recently raised $150 million at a $3.9 billion valuation. The company is also utilizing GPU financing partnerships, where a third party funds and owns the chips, reducing Yotta's upfront capital expenditure.
The AI infrastructure push coincides with Yotta's preparations for a potential $1.5 billion public listing. The company is leveraging its multi-billion dollar enterprise contracts as a key factor to attract public investors.