FluidStack runs a distributed cloud that pulls together GPUs from data centers around the world, giving AI developers on-demand access to computing power at competitive prices. Their marketplace model aggregates capacity from multiple partners, often making hard-to-find AI chips more available than on the big cloud platforms. Unlike traditional cloud providers with centralized data centers, FluidStack's distributed model aggregates GPU capacity from multiple partners, enabling more competitive pricing and greater availability of hard-to-find AI accelerators. Their marketplace approach creates price competition among GPU suppliers, driving costs down for end users.

The chronic shortage of GPU compute for AI training has driven developers and companies to seek alternative cloud providers like FluidStack that can aggregate distributed capacity and offer better availability than hyperscalers.

FluidStack raised $700M in December 2025 from Situational Awareness, valuing the company at $7B. They are reportedly in talks to raise at an $18B valuation, as of April 2026.