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Situational Awareness Pitches Investors on Fluidstack Fundraise

Bloomberg Technology Thursday 29 October 2026, 15:31 UTC By Dawn Lim, Hema Parmar, Todd Gillespie and Dina Bass 1 min read
Key Points

EXCLUSIVE Situational Awareness Pitches Investors on Fluidstack Fundraise Situational Awareness is raising money from its investors to plow into neocloud startup Fluidstack Ltd., just three months after highly levered bets on artificial intelligence firms nearly led to the hedge fund’s implosion. Leopold Aschenbrenner’s fund is pitching clients to invest alongside it in a fundraising round that would value Fluidstack at $40 billion, according to a person familiar with the matter. That’s...

EXCLUSIVE Situational Awareness Pitches Investors on Fluidstack Fundraise Situational Awareness is raising money from its investors to plow into neocloud startup Fluidstack Ltd., just three months after highly levered bets on artificial intelligence firms nearly led to the hedge fund’s implosion. Leopold Aschenbrenner’s fund is pitching clients to invest alongside it in a fundraising round that would value Fluidstack at $40 billion, according to a person familiar with the matter. That’s roughly double the valuation the startup fetched mere months ago.
Situational Awareness Pitches Investors (ORG) Fluidstack Fundraise (PERSON) Fluidstack Fundraise Situational Awareness (ORG) Fluidstack Ltd. (ORG) Leopold Aschenbrenner’s (PERSON) Fluidstack (PERSON)
Originally published by Bloomberg Technology Read original →

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