Venture capital giant Coatue is acquiring land near major power sources for data centers, with reports suggesting the infrastructure could support AI company Anthropic's operations.
Coatue Management, one of the world's largest venture firms, has launched a land acquisition strategy focused on locations adjacent to substantial power grids. The move signals a broader push toward controlling infrastructure for compute-intensive operations.
The timing aligns with Anthropic's known expansion plans. As large language model companies race to scale their operations, access to reliable power and real estate has become a critical bottleneck. Data centers supporting AI training and inference demand enormous electrical capacity.
Coatue has previously invested in Anthropic and other AI ventures, positioning the firm to capitalize on infrastructure needs across its portfolio. By securing land near power sources now, Coatue could gain leverage in a market where data center capacity remains constrained.
The strategy reflects a shift in venture capital toward owning physical assets rather than purely funding software companies. As AI development grows more resource-intensive, controlling the underlying infrastructure provides both strategic and financial advantages.
InstaLILY, an enterprise automation startup, has raised $60 million in Series B funding led by Energize Capital, bringing its total funding to nearly $100 million.
Adapter, an infrastructure platform enabling AI agents and applications to leverage and control data, has emerged from stealth with $17.8 million in funding led by GV.
Chinese AI developer DeepSeek is raising approximately $1.5 billion at a $71 billion valuation and planning to go public in 2027, according to reports.
State Affairs, backed by Founders Fund, launched a Bloomberg Terminal-like product that uses AI trained on reporting from its 76 staffers to deliver policy and political intelligence.