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Ori has raised £110m to expand its compute-as-a-service platform, enabling businesses to access high-performance AI compute on a pay-as-you-go basis. The investment comes as European governments ramp up AI infrastructure spending.
The company partners with data centres across Europe to offer scalable cloud-based access to Nvidia’s H200 and GB200 chips, set to launch in the UK in the coming months. Ori has previously raised £14m from investors including Episode 1 Ventures and Telefónica Ventures.
The new funding will accelerate expansion plans, including the launch of a Saudi subsidiary backed by Saudi Aramco’s VC arm. A larger funding round is currently underway, expected to close in 2025.
