Mavria, founded by former Energy Department officials, raises $130M at a $1B valuation for factory-built data centres
The company confirms a WSJ report that Paradigm led the round; its first product, Terrain 01, is being built in Houston, and no customers, prices or delivery dates are public.
Why it matters
Mavria is betting that the bottleneck in AI build-outs is construction itself: its Terrain system packages power, cooling, controls and IT pods into a standardised, factory-built unit meant to be placed where electricity already exists. Founders Adam Blake and Seth Cohen co-led the DOGE team at the Energy Department that carried out the president's nuclear executive orders. The $1B valuation arrives months after founding and before any named customer; watch for the first Terrain delivery and buyer.
Key facts
- $130M raised in total
- $1B valuation
- Round led by Paradigm
- Terrain 01 being built in Houston
- Founded summer 2026 by Adam Blake, Seth Cohen and Nick Poradek
- No customers, prices or delivery dates disclosed