Pittsburgh’s Axe Compute Inc. announced this week it has secured more than $1.3 billion in new customer contracts across the U.S. and Europe.
The contracts will propel the company beyond its goal of $1 billion in signed contracts this year. The agreements expand the company’s design-deploy-own-operate model into additional geographies and add dedicated, large-scale AI infrastructure capacity to its global footprint.
“We set a target of $1 billion in signed contracts for the year, and these contracts put us well over that mark, as enterprises prioritize dedicated environments built by a trusted supplier, with guaranteed capacity, security, and performance,” Christopher Miglino, CEO of Axe Compute, said. “We’re seeing significant demand across the globe, and customers are asking us to design, own, and operate fully engineered AI infrastructure platforms aligned to their long-term AI strategies. Based on the opportunities in front of us, we believe it is not unrealistic that we close an additional $2 billion in signed contracts this year that could contribute to next year’s ARR.”
The new engagements reflect growing demand for fully integrated AI environments that give businesses a choice over geography, hardware, and deployment. Axe Computer said it will work with each customer to select the GPU types, locations and infrastructure configurations that best fit their requirements, governance standards and long-term strategies. Axe then designs, deploys, owns and operates full-stack platforms optimized for AI training and data-intensive operations which allows its customers to have dedicated AI capacity without putting infrastructure needs on their balance sheets.
Under Axe Compute’s model, the company provides customers with an end-to-end operation, overseeing architecture, deployment, and day-to-day operations. The architecture follows NVIDIA reference design and architecture, and each cluster is built to support large-scale model training, fine-tuning, inference, and surrounding data pipeline activities in a fully dedicated environment, the company said.