Volta Infra Holdings Ltd., a new artificial intelligence (AI) cloud company, raises $300 million in venture funding and secures an additional $5 billion in financing as part of a round valued at $2.4 billion. The planned announcement is set for Tuesday, according to the reports. The funding is co-led by Andreessen Horowitz and Altimeter Capital, with participation from Nvidia Corp. and Michael Dell. The stated purpose is to broaden access to expensive AI chips by providing a cloud offering that helps a wider range of technology companies obtain the hardware resources needed for AI workloads. Volta’s financing structure is designed to cover not just the initial venture investment but also a larger pool of capital intended to support chip access at scale. The reports also describe Azora as the asset-management firm connected to the financing pool, although details in the provided excerpt are incomplete. Overall, the deal reflects continued investment in infrastructure efforts aimed at reducing barriers for companies seeking to run AI models, particularly those requiring high-end accelerators.