Lightning AI and Voltage Park Merge to Form $2.5B AI Cloud

On January 21, 2026, Lightning AI completed its merger with Voltage Park, creating a vertically integrated AI cloud platform valued at over $2.5 billion with $500 million in annual recurring revenue. The transaction combines Lightning AI's PyTorch-based software platform—which has achieved 400 million downloads and serves 240,000 developers—with Voltage Park's 35,000 NVIDIA GPUs across six U.S. data centers.

Voltage Park brings a unique structure: it's backed entirely by a $900 million grant from the Navigation FundDealroom has a profile for this one. Try Dealroom →, a nonprofit established by cryptocurrency billionaire Jed McCalebDealroom has a profile for this one. Try Dealroom →, making it debt-free unlike competitors. The merged entity is now the third-largest "neocloud" by GPU count, behind CoreWeave and Nebius.

William FalconDealroom has a profile for this one. Try Dealroom → remains CEO, while former Voltage Park CEO Ozan KayaDealroom has a profile for this one. Try Dealroom →becomes President, and former AWS Bedrock leader Saurabh GiriDealroom has a profile for this one. Try Dealroom →joins as Chief Product and Technology Officer. The integration aims to solve a persistent pain point for AI teams: the need to stitch together 10+ different tools across software and infrastructure. Customers gain 30-40% cost savings versus AWS or Google Cloud while accessing unified training, deployment, and inference capabilities.

Sources: VentureBeat
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