Vultr has secured $329 million in new credit financing to drive the global expansion of its AI and cloud computing platform. The new funding includes a $255 million syndicated credit facility with a $35 million accordion option, led by J.P. Morgan, Bank of America, and Wells Fargo, along with $74 million in lease financing arranged by Bank of America.
Founded in 2014 by David Aninowsky, Vultr operates as the largest privately-held cloud infrastructure provider, with 32 cloud data center regions spanning six continents. The company said it will use this new capital to further scale its AI and cloud computing infrastructure for a growing enterprise, government, and developer customer base. Vultr previously closed its first-ever equity round in December 2024, raising funds from LuminArx Capital Management and AMD Ventures at a $3.5 billion valuation.
J.J. Kardwell, CEO of Vultr, said the facility reinforces the company’s position as an independent alternative to hyperscale cloud providers. “Building on our recent equity financing, this credit facility further accelerates our global expansion,” said Kardwell. “For enterprises, AI innovators, governments, and compliance-driven organizations, Vultr provides an independent, transparent, and institutional-quality alternative to the hyperscalers.”
- $329 million total in new credit and lease financing
- $255 million syndicated credit facility, with participation from J.P. Morgan, Bank of America, Wells Fargo, Citi, Goldman Sachs, and KeyBank
- $74 million in capex lease financing led by Bank of America
- Supports expansion of Vultr’s AI and cloud computing infrastructure
- Operates 32 cloud data center regions across six continents
- Privately-held, $3.5 billion valuation as of December 2024
