Jane Street in Talks to Back Fluidstack at $18 Billion Valuation

April 14, 2026, 2:41 PM UTC

The cloud-computing startup Fluidstack Ltd. is holding funding talks with investors to bring in about $1 billion at a target valuation of $18 billion, according to people briefed on the matter.

Investors Jane Street and Situational Awareness are in talks to co-lead the new funding round, said the people, who asked not to be identified discussing private information. Morgan Stanley is advising Fluidstack on the round, one of the people said.

Read More: Fluidstack Drops Out of Marquee €10 Billion AI Project in France

The new funding would make Fluidstack one of the more valuable startups in the US — ...

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