Mavria Funding: $130M Raised at a $1B Valuation Led by Paradigm

Mavria, a startup that builds AI data centers in a factory, launched on November 9, 2026 with $130 million raised across pre-seed and seed rounds. Its latest round, led by Paradigm, values the company at $1 billion.

Three former U.S. Department of Energy staffers founded Mavria. The company is based in The Woodlands, Texas, just north of Houston.

Mavria funding round and investors

Paradigm, an investment firm best known for crypto, led Mavria’s latest round. AMP PBC, Liquid 2, Critical Frontier and Dream Ventures also invested.

The Wall Street Journal first reported the deal, and Mavria confirmed the figures in a launch post by CEO Adam Blake. Securities.io reported that $100 million of the $130 million total came from the new Paradigm-led round.

A valuation of $1 billion on $130 million raised is high for a seed-stage company. Mavria has not disclosed revenue.

What Mavria’s SEC filing shows

A Form D that Mavria filed with the SEC on October 21, 2026 lists a $100 million equity offering. At that date, $75 million had been sold to 16 investors.

The filing came three weeks before the launch, so the round may have filled since. Mavria has not explained how the $75 million in the filing relates to the $130 million it announced.

How Mavria’s Terrain modular data centers work

Most data centers are built on site as one-off construction projects. Mavria builds them in a factory instead and ships them as finished units.

Its first product, Terrain, comes in standard 5MW blocks. Each unit leaves the factory with power distribution, direct liquid cooling, automation controls and standard server racks already installed, Data Center Dynamics reported.

Mavria says the approach brings compute online faster, with more predictable delivery and lower costs. The first unit, Terrain 01, is in production in Houston.

At 5MW per unit, a 1-gigawatt AI campus would need about 200 Terrain modules.

Who Mavria sells to

Mavria targets frontier AI labs, neoclouds, cloud providers and data center developers. Customers run their own compute inside Terrain, while Mavria supplies the physical infrastructure.

The company has not named customers or published prices or delivery dates.

Mavria founders from the Department of Energy

Adam Blake, Nick Poradek and Seth Cohen all worked at the Department of Energy before founding Mavria. Blake is the chief executive.

In July, while Mavria was still in stealth, Cohen said data center siting had become the “second bottleneck to AI deployment” in the U.S.

In the launch post, Blake wrote that most of the infrastructure behind AI is still custom-built, project by project, and takes years to deliver. He said Mavria plans to move beyond data centers into other infrastructure that AI depends on.

What Mavria will do with the funding

Mavria will use the money to lock in supply chains and scale up manufacturing. It also plans to grow its team.

Mavria and AI data center funding this week

Crunchbase News ranked Mavria’s raise joint seventh among U.S. rounds announced from November 7 to 13, 2026. It tied with payments company Imprint at $130 million.

Another infrastructure deal ranked higher. Salt Lake City-based Torus raised $500 million for distributed power and compute, and launched Foundry, a modular product for inference compute.

Investors have put large sums into compute capacity this year. In October, serverless AI cloud Modal Labs raised $750 million at a $15.75 billion valuation, the top deal in our AI funding report for October 12 to 18.

The chips that will run inside facilities like Terrain have drawn money too. Our guide to the top-funded AI chip companies of 2026 tracks those rounds and valuations.

FAQ