---
title: "Salt Lake City-based energy storage startup Torus raised a $500M Series C led by Magnetar to build shipping container-sized AI data centers at 1MW to 20MW sizes (Mark Chediak/Bloomberg)"
type: signal
url: https://frontiernewswire.com/s/salt-lake-city-based-energy-storage-startup-torus-raised-a-500m-series-7963686f
published: 2026-11-11T13:25:02.000Z
byline: "Source: TECHMEME"
---

# Salt Lake City-based energy storage startup Torus raised a $500M Series C led by Magnetar to build shipping container-sized AI data centers at 1MW to 20MW sizes (Mark Chediak/Bloomberg)

Source: TECHMEME · Published 2026-11-11 · Canonical: https://frontiernewswire.com/s/salt-lake-city-based-energy-storage-startup-torus-raised-a-500m-series-7963686f

Mark Chediak / Bloomberg : Salt Lake City-based energy storage startup Torus raised a $500M Series C led by Magnetar to build shipping container-sized AI data centers at 1MW to 20MW sizes — Torus, an energy-storage startup, said it raised $500 million in funding to help launch a new shipping container-sized product …

## Sources

- [Read the original at TECHMEME](https://www.techmeme.com/261111/p26#a261111p26)

## Related on Frontier

- [Mirendil, founded by former Anthropic researchers to build tools for frontier AI R\&D, raised a $1B Series A led by Kleiner Perkins and Clearlake Capital (Sarah Klearman/Wall Street Journal)](https://frontiernewswire.com/s/mirendil-founded-by-former-anthropic-researchers-to-build-tools-for-097e7b43)
- [LangChain, which aims to help large companies build and deploy their own AI agents, raised $300M led by CapitalG at a $3B valuation, up from $1.25B in 2025 (Belle Lin/Wall Street Journal)](https://frontiernewswire.com/s/langchain-which-aims-to-help-large-companies-build-and-deploy-their-6c8d8fd0)
- [The AI Chip Race with Apple’s Former Chief Chip Architect](https://frontiernewswire.com/s/the-ai-chip-race-with-apples-former-chief-chip-architect-349cbd35)

---

[More Latest Signal](https://frontiernewswire.com/) · [Signals](https://frontiernewswire.com/verified-reporting)