Ori Industries, a leading AI infrastructure startup, has raised $140 million to scale its compute-as-a-service business, enabling companies to access high-performance AI computing on a pay-as-you-go basis. By partnering with data centers across Europe, Ori is helping businesses train AI models without the need for costly infrastructure investments.
The funding round comes amid major European government initiatives aimed at bolstering AI infrastructure. In the past weeks, the EU announced a €200 billion commitment, France pledged €109 billion, and the UK secured £14.5 billion in private sector investments to expand data centers supporting AI. Additionally, Ori disclosed an undisclosed investment from Saudi Aramco’s VC arm, which will enable the company to launch a subsidiary in Saudi Arabia.
Founded in 2019, Ori plans to introduce Nvidia’s cutting-edge AI chips, H200 and GB200, to the UK market in the coming months. The company had previously raised $18.1 million, backed by investors including Episode 1 Ventures and Telefónica’s VC arm.
CEO and co-founder Mahdi Yahya reiterated the company’s commitment to advancing AI infrastructure, stating that Ori intends to invest nine figures in the UK’s AI ecosystem over the next 24 months. As AI compute demand surges, European leaders see expanding access to powerful chips as crucial to remaining competitive with the US and China in AI development.
Ori’s expansion aligns with broader AI infrastructure investments, with UK-based Nscale recently raising $155 million and pledging £2.5 billion over the next three years to build AI-ready data centers. The startup’s latest funding positions it at the forefront of Europe’s race to strengthen AI capabilities and computing power.
