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Willkie Farr & Gallagher LLP
11/13/2026 | News release | Distributed by Public on 11/13/2026 12:27
Willkie Advises Magnetar on Investment in Torus for Launch of Foundry
Willkie Advises Magnetar on Investment in Torus for Launch of Foundry
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November 13, 2026
Willkie advised Magnetar as lead investor in a $500 million funding round for Torus, a U.S. manufacturer of distributed power and compute infrastructure. The financing will support the launch of Foundry, a manufacturer of modular AI infrastructure.
On November 11, Torus announced that it launched Foundry to meet the increasing demand for inference compute and raised $500 million in growth capital led by Magnetar to expand manufacturing capacity and accelerate deployments.
Torus Foundry packages power, storage, cooling, networking, and compute into a prefabricated system that delivers new capacity to existing sites in weeks, instead of the years it takes to build a traditional hyperscale campus. The Foundry system unlocks unused grid capacity and avoids the new transmission and generation buildout that large data centers often require.
Founded in 2005, Magnetar is a multi-strategy and multi-product alternative investment manager.
The Willkie team was led by partners Eric Halperin, Melainie Mansfield and Najeh Baharun with counsel Robert Mostek and Patrick Fischer.
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Willkie Farr & Gallagher LLP published this content on November 13, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 13, 2026 at 18:27 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]