Vultr
It calls itself the largest privately held cloud: self-funded for a decade, valued at $3.5B in 2024, and reportedly seeking $1B more for AI chips.
Vultr release, Jun 23, 2025- Valuation
- $3.5B Dec 2024, its first ever equity round. No newer priced round found.
- Raised
- $333M equity Led by LuminArx and AMD Ventures. Self-funded before that.
- Debt
- $329M (2025) Bank credit plus lease financing, on top of a $150M facility from 2021.
- Watch
- $1B+ raise Reported in Mar 2026 as seeking at least $1B. No close or price found.
- AI
- Read-only MCP Agents can see a Vultr account since Oct 2026 but cannot change or buy anything.
- Liquidity
- None found No employee tender offer or staff secondary sale has been reported.
- Hiring
- 40 → 39 remote listings since Oct 10.
Rents servers and GPUs by the hour, worldwide.
Vultr sells cloud compute, bare metal, storage, Kubernetes and GPU capacity (AMD and NVIDIA) to developers and companies. It says it serves hundreds of thousands of active customers in 185 countries. It does not publish revenue or a split.
Vultr release, Jun 23, 2025- 1Wide global footprint for its size34 cloud regions after Chennai in Oct 2026, up from 32 in mid 2025. CNBC noted most are outside the US.Vultr blog, Oct 21, 2026
- 2AMD is both investor and supplierAMD Ventures co-led the 2024 round; Vultr is building AMD GPU superclusters in Ohio and Chennai (20 MW of MI355X to start).Vultr blog, Oct 21, 2026
- 3Profitable, so it borrows cheaplyThe CEO says Vultr is profitable and its 2025 credit costs hundreds of basis points less than CoreWeave's debt. No figures given.CNBC via NBC New York, Jun 23, 2025
Every round, and what its terms give away.
Vultr is private, so there is no share price. What its investors paid, and on what terms, is the closest thing to one.
- $3.50B
- latest valuation, Growth equity Dec 18
- $333M
- raised in all
Vultr says it is profitable; no revenue or profit figures have been published.
CNBC via NBC New York, Jun 23, 2025- Jun 23Credit facility$329MLed by J.P. Morgan, Bank of America, Wells Fargo$255M syndicated facility (incl. $35M uncommitted accordion) plus $74M lease financing led by Bank of America.Vultr release, Jun 23, 2025
- Dec 18Growth equity$333M at $3.50BLed by LuminArx Capital Management and AMD Ventures. About 10% of the company, if all new sharesFirst equity round since 2014 founding. Release gave no amount; $333M per Holland & Knight, Vultr's counsel.Holland & Knight, Jan 23, 2025
- Down round or flat round?Only one priced equity round exists (Dec 2024), so there is nothing to compare. The reported 2026 raise has no published price.The Information headline, Mar 25, 2026 (paywalled)Open
- How much of the company the last round soldAbout 9.5% ($333M of $3.5B), our arithmetic, assuming $3.5B is post-money. Sources do not say pre or post.Holland & Knight, Jan 23, 2025Clear
- Time since the last raiseAbout 22 months since the Dec 2024 equity round; debt followed in Jun 2025. A raise of at least $1B was reported in Mar 2026, with no close found by Nov 3, 2026.The Information on Threads, Mar 25, 2026Open
- Structured or unusual termsNo preference, ratchet or warrant terms reported. No SEC Form D found under Vultr or Constant Company. Borrowing is growing alongside equity.Vultr release, Jun 23, 2025Open
- New outside lead or insiders only?Outside leads: LuminArx and AMD Ventures, the first outside equity holders. Goldman Sachs advised Vultr.Vultr blog, Dec 18, 2024Clear
- Employee liquidityNo tender offer or staff secondary sale found in coverage of the 2024 round, 2025 debt or 2026 raise reports.Holland & Knight, Jan 23, 2025Open
- Layoffs in the last 12 monthsNews search Nov 3, 2026 found no reported Vultr layoffs. The company opened new regions and an Ohio cluster in that period.Vultr blog, Oct 21, 2026Clear
Clear: checked, nothing found. Flag: found, with the source. Open: could not be checked.
No filing reported; CEO said in Jun 2025 an IPO is being evaluated
Vultr's revenue, year by year.
Borrowing to buy GPUs is normal for AI clouds, but it ties Vultr to steady rental income. Current drawn balances are not public.
What the record says, and what we think it means.
The fact is the source's. The read, in italics, is ours.
- 01Watch
Reportedly seeking at least $1B.
The Information on Threads, Mar 25, 2026The Information reported on Mar 25, 2026 that AMD-backed Vultr seeks $1B for an AI cloud push. The article is paywalled; no close, price or investors found since.
A raise this size would be three times its only equity round. A higher price would help staff equity; heavy debt in the mix would not.
- 02Good
A $1B AMD GPU cluster in Ohio.
JobsOhio, Dec 1, 2025Announced Nov 27, 2025 for Springfield, Ohio: 50 MW of AMD AI chips, due online Q1 2026. JobsOhio lists $901M of capital investment and 20 jobs.
Its biggest bet yet on renting GPUs at scale. Few permanent jobs on site, so hiring stays mostly remote and engineering-led.
- 03Good
34th region, in Chennai, India.
Vultr blog, Oct 21, 2026Oct 21, 2026: an AMD supercluster starting at 20 MW of MI355X GPUs, with MI455X expansion planned for 2027.
Shows the AMD tie deepening and growth leaning on India and GPUs, not only on cheap virtual servers.
- 04Neutral
Its investor is also its chip supplier.
SiliconANGLE, Dec 18, 2024AMD Ventures co-led the 2024 round. Per the WSJ, AMD hoped to become Vultr's preferred AI hardware supplier.
Good for supply and pricing on AMD chips. It also ties Vultr's AI pitch to AMD keeping up with NVIDIA, which Vultr still offers too.
- 05Watch
GreatFire says Vultr dropped its servers after Tencent complained.
GreatFire, Dec 8, 2025GreatFire, which tracks Chinese censorship, says Vultr suspended its FreeWeChat servers in June 2025 after complaints from Group-IB, acting for Tencent, and ended service "without cause" on Nov 28, 2025. It says 17 rights groups objected.
A trust-and-safety call that drew public criticism. It is GreatFire's account; Vultr's side was not published.
- 06Good
First Forrester Wave, as a Strong Performer.
Vultr blog, Aug 31, 2026Vultr says it was rated a Strong Performer in Forrester's Public Cloud Platforms Wave, Q3 2026, with top scores on vision and pricing.
Self-reported, but it signals a push upmarket to enterprises rather than hobbyist servers.
- 07Neutral
An IPO is being weighed, not planned.
CNBC via NBC New York, Jun 23, 2025In Jun 2025 CEO J.J. Kardwell said Vultr is evaluating a possible IPO but has not decided. No filing found.
For equity holders, liquidity likely depends on a later raise, a sale, or a listing that has no date.
- 08Neutral
The legal employer is The Constant Company.
JobsOhio, Dec 1, 2025JobsOhio lists Vultr as operating as The Constant Company, LLC, a Florida company. Founder David Aninowsky is executive chairman.
Expect offer letters and equity paperwork in a different name from the brand.
Engineering is paid 30% under market. Customer, 34% under.
We save every company's roles, pay by team and level, AI share and churn every day, so each month this page can say more. Sparklines use their own scale.
Can AI agents do business with Vultr?
We checked the agent payment programs, developer docs and site rules an AI assistant would meet.
Agents can look, not touch. A read-only MCP server and AI-readable docs, but no agent write access yet.
Still Remote read- MixedAn MCP server for AI agentsHosted at mcp.vultr.com in public preview since Oct 2026, with OAuth and admin controls. Read-only: it cannot create, change or delete resources or spend money.Vultr docs, updated Oct 21, 2026
- MixedDocs that AI tools can readdocs.vultr.com/llms.txt lists thousands of Markdown doc pages. www.vultr.com/llms.txt returns 404.checked Nov 3, 2026
- MixedLets AI crawlers read its sitewww.vultr.com/robots.txt blocks GPTBot from /docs/ only; no other AI bot is named. The main site sits behind a bot challenge for automated tools.checked Nov 3, 2026
- YesIts own AI agentVultr Agent (beta) answers from the docs with citations and composes infrastructure with live pricing and Terraform templates.Vultr Agent page, checked Nov 3, 2026
- AnnouncedAgent standards bodiesJoined the Agentic AI Foundation as a Gold member in Oct 2026, citing MCP and A2A.Vultr blog, Oct 22, 2026
- YesInfrastructure sold to agent buildersServerless Inference with chat, text-to-speech and vector store endpoints is documented for developers.checked Nov 3, 2026
Where Vultr puts AI to work.
- 1AI answers the pre-sales questionsVultr Agent chats over the docs and builds priced infrastructure blueprints, work a sales engineer or support rep would otherwise do.Vultr Agent page, checked Nov 3, 2026
- 2Selling open models as the safe choiceVultr's enterprise pitch argues for open-weight models on infrastructure the customer controls, over closed models and newer GPU-only clouds.Vultr blog, Oct 19, 2026
More listings than on Sep 16, most of them in engineering.
What has to be true for $3.5 billion to hold?
Vultr does not publish revenue, so the starting number is your assumption, not ours. A way to think, not a forecast, and not investment advice.
At 25x, Vultr needs $140 million of revenue to be worth $3.5 billion. Your world gets there with $274 million, so the next round likely prices above the last.
$100,000 of equity valued at the $3.50B Growth equity price would be worth about $196,000 on paper in this world, before dilution from new rounds, taxes and vesting. Private shares only turn into cash at a sale, an IPO or a tender offer.
A way to think, not a forecast, and not investment advice.
Holland & Knight, Jan 23, 2025The signals, and which way they push.
- TailwindBuilding GPU capacity fast.
A $1B Ohio cluster (Q1 2026) and a Chennai supercluster (Oct 2026), both on AMD chips.
- TailwindMoving upmarket.
Forrester Strong Performer, a National Compute consortium seat and enterprise-focused launches in Q3 and Q4 2026.
- HeadwindThe AI cloud race eats capital.
A reported $1B+ raise and rising debt follow a decade of self-funding. CoreWeave held $8.7B of debt by Mar 2025.
- HeadwindSqueezed from both sides.
CNBC names Akamai's Linode and DigitalOcean on general cloud and CoreWeave on AI as rivals, all public and well funded.
Where Vultr ends up, if we had to bet.
Our calls, not facts. Each one is tied to something that already happened, so you can judge the reasoning.
- 1
Vultr lists on a US exchange by 2031.
Coin flip 50%IPOThe CEO said in 2025 an IPO is under evaluation, and CoreWeave's listing set a template. But no filing has been reported and it is still raising privately.
CNBC via NBC New York, Jun 23, 2025 - 2
A chipmaker or larger cloud buys Vultr outright.
Long shot 16%M&AAMD already owns a stake and is its key GPU supplier. But the founder still chairs the company and it keeps raising to stay independent.
SiliconANGLE, Dec 18, 2024 - 3
GPU and AI rental becomes most of Vultr's business by 2031.
Likely 72%ProductsIts new money is going to GPU superclusters in Ohio and India. Its legacy is cheap virtual servers, which grow more slowly.
Vultr blog, Oct 21, 2026 - 4
Vultr's MCP server gains write actions, so agents can launch and resize servers.
Likely 72%AIIt shipped read-only in Oct 2026 as a public preview and joined the Agentic AI Foundation. The public API already does these tasks.
Vultr blog, Oct 23, 2026 - 5
Vultr stays the largest independent cloud rather than being outgrown by GPU-only clouds.
Coin flip 50%CompetitionIt has 34 regions and says it is profitable. Rivals like CoreWeave raise and borrow far more.
CNBC via NBC New York, Jun 23, 2025
Read by the Still Remote research agent on November 3, 2026 from the sources linked on this page. Facts and scenarios only, not investment advice.