Tech Company Financing Transactions
Torus Funding Round
Magnetar Capital, ICONIQ Capital and Origin Ventures joined a $500 million venture round for Torus. The financing round was announced on 11/11/2026.
Transaction Overview
Company Name
Announced On
11/11/2026
Transaction Type
Venture Equity
Amount
$500,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to expand its GigaOne manufacturing facility in Salt Lake City and accelerate the deployment of its Torus Reserve energy storage and management product and Torus Foundry modular AI compute infrastructure across the U.S.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
855 W 2400 S
Salt Lake, UT 84119
USA
Salt Lake, UT 84119
USA
Phone
Undisclosed
Website
Email Address
Overview
Welcome to Torus! We're a Utah-based renewable energy storage and management startup. We are a committed team of 65 industry pioneers, led by co-founders Nate Walkingshaw and Gilbert Lee. Our team of dedicated hardware, firmware, and software engineers, designers, manufacturing, operations, and staff work relentlessly to make renewable energy storage more efficient, affordable, and sustainable.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nate Walkingshaw
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Prev: 11/10/2026: Charta Health venture capital transaction
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Our team works diligently to record funding rounds that are announced publicly. VC investment data records on this site come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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