Yotta Data Services has raised $150 million at a $3.9 billion valuation to fund its ambitious AI infrastructure expansion, the company confirmed. The neocloud giant plans to invest $7 billion in AI compute capacity by the end of FY27, aiming to deploy 40,000 NVIDIA Blackwell GPUs within the next four months and reach a total of about 85,000 GPUs by the fiscal year-end, according to inc42.com.
The capital raise, largely closed by March with some transactions extending into May, supports Yotta's shift from domestic AI workloads to international markets. CEO Sunil Gupta told inc42.com that nearly all new GPU deployments are driven by global customers willing to sign billion-dollar contracts contingent on delivery within four to five months. Previously, 70% of Yotta's GPUs served Indian startups and institutions like IIT Bombay and IIT Madras, but the customer mix has flipped to 75% international and 25% domestic, with expectations to reach 90:10 by year-end.
Yotta's strategy reflects broader market dynamics where international demand for AI compute is stronger and pricing is approximately 50% higher than in India. The company has partnered with US-listed Gorilla for GPU financing, which allows Gorilla to own the chips while Yotta operates them, reducing upfront capital expenditure. This approach supports Yotta's goal to build one of India's largest AI compute reserves and cater to global enterprises, positioning it for a potential $1.5 billion public listing.
Yotta's GPU deployment plan includes scaling to more than 40,000 NVIDIA Blackwell GPUs in the next four months and reaching around 85,000 GPUs by the end of FY27, as stated by CEO Sunil Gupta to inc42.com.