Vultr, a provider of cloud infrastructure and AI services, announced a $329 million credit financing round. The company offers scalable, globally accessible cloud computing solutions. The round comprised a $255 million syndicated credit facility, including a $35 million accordion, and $74 million in lease financing.
The round was led by J.P. Morgan, Bank of America, and Wells Fargo. Participating investors included Citi, Goldman Sachs, and KeyBank. Bank of America also led the $74 million capital expenditure financing.
"This milestone credit facility from some of the world’s most respected financial institutions is a strong validation of Vultr’s financial strength, operational discipline, and long-term vision," commented J.J. Kardwell, CEO of Vultr.
Vultr intends to use the funds to expand its global AI and cloud computing infrastructure.
The company currently operates 32 cloud data center regions across six continents.
This financing follows a previous equity financing round in December 2024. Vultr's services cater to enterprises, AI developers, governments, and organizations with compliance requirements. The company positions itself as an independent alternative to larger hyperscale cloud providers.
Vultr was founded in 2014 and has been self-funded for over a decade. The company claims to be the world's largest privately-held cloud infrastructure company.
Vultr is knocking on the doors of Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP).
