Fluidstack is an AI cloud platform that builds and operates high-performance GPU clusters for training and inference. It serves AI labs, governments, and enterprises that need large-scale compute capacity.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$1.2B
Series C, Mar 2024, Perplexity
UpMarket Estimate
$1.2B
Based on UpMarket valuation model
How to Invest in Fluidstack Through UpMarket
Fluidstack shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Fluidstack offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Mar 2024
Series C
$1.2B
Why Investors Are Watching Fluidstack
Growth Signal
Fluidstack seeks $700M at about $7B valuation
Fluidstack is reportedly in talks to raise about $700 million in a round that would value the private AI infrastructure company at roughly $7 billion. Alphabet’s Google has also been discussed as a potential participant, signaling strong strategic interest in the deal.
Market Opportunity
Anthropic deal lifts Fluidstack into AI data centers
Fluidstack builds specialized data centers for AI companies and was reported by TechCrunch to be in talks for a $1 billion round at an $18 billion valuation. The fundraising follows a reported $50 billion data center deal tied to Anthropic, underscoring demand for large-scale AI infrastructure.
Product Milestone
GPU cloud offers on-demand A100 and H100 access
Fluidstack offers high-performance GPU cloud computing for AI, ML, and LLM workloads, with on-demand access to Nvidia A100 and H100 GPUs. The platform is positioned for training and inference use cases, which are the core compute needs of modern AI development.
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No. As of March 2026, Fluidstack is a private company and does not trade on any public stock exchange. Accredited investors can access Fluidstack shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Fluidstack does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Fluidstack shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Fluidstack shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of $1.2B is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Fluidstack builds and operates high-performance GPU cloud clusters for AI training and inference, is valued at $1.1B and reportedly seeks $700M at about a $7B valuation. Accredited investors can access Fluidstack stock through UpMarket.