Trillium Technologies Receives $300m for Cloud Platform

Trillium Technologies has had a $300 million fully collateralized private placement debt approved for the development and monetization of compute credits for the Archeo Futurus cloud platform.

Proceeds will be used to expand Archeo's infrastructure. Archeo was developed in collaboration with AMD and Broadcom, and uses FPGA-based hardware to deliver cloud storage and processing services. The company says it already counts several financial institutions and US federal agencies among its clientele.

"Compute is rapidly becoming the currency of the future. By creating a global marketplace for compute credits, we are bridging technology and finance, transforming compute power into a liquid, securitized, and investable asset class that powers the intelligent economy," said J. Christopher Mizer, founder and CEO of Trillium Technologies.