Gruve Raises $50 Million To Power Inference

Infrastructure startup Gruve raised $50 million in a Series A follow-on led by Xora Innovation, bringing total funding to $87.5 million, the company said. Launched in 2024, Gruve aggregates unused data-center power—claiming access to roughly 500 megawatts—and offers 30 megawatts across four U.S. sites to accelerate AI inference, with plans to expand into Japan and Western Europe.