Mavria raises $100M to build modular 5-megawatt data centers as manufactured products

much for hopping on the and we'll talk. Congrats to the team.

Of course.

Goodbye.

Later. See you soon.

Up next, we have Adam Blake, co-founder and CEO of MRI coming on the show. Welcome to the show. Adam, what's going on?

Thank you so much for hopping on the show.

Great, great setup here. You look

beautiful

more high definition than we do somehow.

Oh, it looks great. Uh, please introduce yourself and the company.

Yeah, my name is Adam Blake. I'm the CEO of Ma and we started Ma because we believe the next phase of the AI race is going to be won or lost in the physical world

and America's leading today in AI because of our technology and our people but our physical infrastructure isn't keeping up. So that's the gap that we're planning to close

and we're starting with data centers as a product. So we actually make that infrastructure as a product. Terrain is a manufactured data center that integrates cooling, power, controls, and a structure into a repeatable five megawatt block.

And we're building the first unit right now in Houston.

Yeah,

we're starting with data centers, but our ambition is much bigger. We want to fundamentally change how America develops and builds the infrastructure behind AI. And then today is like the first time we're coming out of Quasi Stealth and unveiling the company and talking about our partners. Congratulations. Um, tell me about the the the shape, the size. I imagine this is built in a factory and then delivered on a truck. Are we talking um roughly

5 megawatts?

5 megawatts. Are we talking shipping container size, bigger, multiple pieces that come together? How will this actually be instantiated in the physical world?

Yeah, it's going to be multiple pieces coming together. And we we made some design decisions that were pretty important. We wanted to be standard and repeatable in these 5 megawatt blocks. So you could put this on a small site for example on the distribution grid or it could be part of a multiund megawatt campus for example. So yeah there's like if you want to think about like pure pure size you can get five megawws on like less than an acre.

Yeah.

And then you know 25 megawatts on like less than 10 acres.

Not bad.

Might have to do that in Malibu.

Yeah.

We're gonna Malibu. Um so uh then then uh what are the actual other integration points? I imagine that uh once you've built this structure, you are then partnering with a neocloud operator who will decide what in what chips are in a rack, what whether they're going AMD or Nvidia or whatever that's not on you. And then they still need to provide land, power, water. What else are they providing? What are the key ingredients to actually a successful partnership with you?

Yeah. No, so you nailed it. So we're not a NeoCloud. We're not providing the GPUs. We're partnering with those types of companies and they typically bring

basically powered land and then we do we take care of everything else besides putting in the GPUs. So everything from the manufacturing of the product to the physical delivery and bring up

Yeah. And then and then on the water side is that something that you're doing closed loops so you can like bring in a truck of water or do you need a a well on site like how how does that uh how does that fit into the modular story? Yeah, I mean basically when you use liquid cooling, you don't really need on-site water. I mean, you can truck it in to initially fill the closed loops and then anything you need on ongoing basis is pretty immaterial. I mean, you'll typically have like bathrooms and like sinks and stuff like that on site like a normal like office building would, but that's really all that you need the water for.

Yeah, that makes a lot of sense.

What who are like what are the right scale customers at this point? Like I imagine like you might have a customer like uh like like if a hyperscaler comes to you, are you set up to be able to deliver at that scale yet or would that be almost a distraction because you want to just dial in this like modularity to start and then scale up from there?

Yeah. So right now we're building our first unit like as we speak in Houston. That's going to be done by the end of the year and then we're going to be rolling out in smaller volumes in Q1 and then we're aiming to hit full production capacity of more than a gigawatt per year by middle of 2027 from our Houston facility.

Wow, that's huge. Uh tell us about fundraising. What can you tell us who's been involved? Uh and I'd love to hit the gong for you just to celebrate coming out of stealth.

Oh gosh. So I first of all I'm not a big fan of celebrating fundraisers. I mean,

well, we are we haven't public enemy number one here.

Good thing Good thing we are.

Good thing we are. I'm going to hit the dog anyway for not

I for coming on.

Uh I I'm I'm with you. You know, I do think I do think you shouldn't celebrate them, but the world inevitably does.

Disagree. Take the whole team to the Bahamas for a month.

Take the whole team to a Bahamas for a month to celebrate the fund raise. Fundra every six months. you're working.

No. Well, we're going to have you back when you're at G when you're at at least, you know, hopefully before you're at Gigawatt uh production run rates, but um

yeah,

but yeah, so you got Paradigm in um

AMP.

AMP. There you go. Fantastic. We're super grateful, you know, to have those guys. It's an honor. So, we actually did a $30 million preede preede round with an back in June. That was basically a day one check. So yeah, he was the first investor in and then more recently we did this $100 million round that was led by Paradigm.

Congrats. Well, thank you so much for

Last last question. I know I know we're like running behind today, but um is is your thesis that like like what are the kinds of businesses that over the next few years are going to be buying the sort of like the smallest version of your pro uh product like a a 5 megawatt uh mini data center that and what are the kind of use cases?

Yeah, I mean look first of all I think the thesis is that the demand for compute is coming in all shapes and sizes. everything from, you know, I think you're going to see compute at the residential level, obviously, all the way up to the gigawatt scale. And we've really decided to go after this like 5 megawatt block increment because there are thousands of sites across the US that exist on existing distribution infrastructure. I mean, there's probably 100 plus gigawatts that if you could use batteries and agree to curtailment that you could deploy our product on on existing infrastructure. So a huge difference versus going and building new power generation and building new substations. So that's the market that we're really excited about. But at the same time, this product could be deployed on these like multiund megawatt sites, you know, which obviously have been the favorite for, you know, most of these labs and hyperscalers recently.

Yeah, just quickly adding capacity uh makes so much sense.

Very cool.

Cool. Thank you so much for coming on the show.

Yeah, great to meet you, Adam.

And we'll talk to you soon.

Great. Have a good one.

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