Siemens backs Skeleton Technologies as AI data center storage unicorn
AI summary
Estonia's Skeleton Technologies has become the country's latest tech unicorn after raising investment from Siemens AG, according to Bloomberg Technology. The funds are to be used to manufacture energy storage systems for AI data centers in the United States. The report did not disclose the investment amount, valuation or production timeline.
In-depth insight
It shows how AI data center power and storage demand is drawing investment from established industrial players, tying compute growth to energy infrastructure.