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TAR, a startup building off-grid power systems for data centres, has reportedly raised $120 million in Series A funding at an approximately $1 billion valuation.
Why it mattersTechmeme carries Bloomberg reporting that Spark Capital led the round, a sign that investors see supplying electricity as part of the computing race, not merely the bit that happens before the servers arrive. WittyWires has not independently verified the report or terms.
Discuss: Will off-grid power become a meaningful advantage for data-centre builders, or mostly an expensive workaround for grid delays?
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