Company intelligence

QumulusAI

GPU-as-a-service cloud provider delivering NVIDIA-based compute clusters for AI training and inference to underserved mid-market and enterprise customers, pursuing a Nasdaq direct listing under ticker QMLS.

AI infraAtlanta, Georgia, USAFounded 2019Founders: Chris BissellWebsite โ†—See connections โ†’
Last verified Jul 31, 2026

Company Snapshot

QumulusAI is a AI infra company, based in Atlanta, Georgia, USA, founded 2019 by Chris Bissell.

Recent changes

  1. Jul 1, 2026QumulusAI Files S-1/A for Nasdaq Direct Listing as GPU-Cloud Provider to Underserved AI Customers Pulse story
  2. Jun 26, 2026Raised $15M SEC EDGAR Form D
  3. Jun 26, 2026QumulusAI Amends S-1 Again as GPU-Cloud Provider for Underserved Mid-Market AI Teams Nears Nasdaq Debut Pulse story

Funding History

1 event ยท sources dated per row
DateEventAmountValuationInvestorsSource
Jun 26, 2026funding round$15Mโ€”
SEC EDGAR Form D

Investors

Latest Pulse

  1. QumulusAI Files S-1/A for Nasdaq Direct Listing as GPU-Cloud Provider to Underserved AI CustomersQumulusAI filed a seventh S-1/A amendment on July 1 ahead of a planned Nasdaq direct listing, detailing an Atlanta-based GPU-as-a-service business built from the 2022 merger of a blockchain-hosting company and a data-center asset firm, later rebranded after acquiring The Cloud Minders in 2025. The company reported $3.4 million in quarterly revenue against a $5.5 million operating loss, is scaling toward 120 megawatts and up to 90,000 Nvidia B200/B300 GPUs, and disclosed going-concern risk in its filing.โ†’
  2. Encore Medical Prices Structural Heart IPO at $5/Share on NYSE American as Cash Runway TightensEncore Medical, a structural heart device company developing transcatheter septal occlusion products, filed its latest S-1/A on June 30, targeting an IPO of 3 million shares at an expected $5 per share on NYSE American under ticker EMI. The company's cash balance stood at just $34,619 as of March 31, 2026, underscoring how urgently it needs the offering to fund ongoing US clinical trials.โ†’
  3. QumulusAI Amends S-1 Again as GPU-Cloud Provider for Underserved Mid-Market AI Teams Nears Nasdaq DebutQumulusAI filed its latest S-1/A amendment with the SEC on June 26, continuing a string of amendments dating back to February as it works toward a Nasdaq listing. The company delivers rapid-deployment, GPU-powered cloud infrastructure targeted at small and mid-market AI teams โ€” machine learning groups, AI infrastructure startups and research institutions โ€” that large hyperscalers often underserve or price out.โ†’

Coverage Timeline

newest first
  1. Jul 1, 2026IPOQumulusAI Files S-1/A for Nasdaq Direct Listing as GPU-Cloud Provider to Underserved AI CustomersDirect listing filedโ†’
  2. Jun 26, 2026IPOQumulusAI Amends S-1 Again as GPU-Cloud Provider for Underserved Mid-Market AI Teams Nears Nasdaq DebutS-1/A filedโ†’

All Coverage

Related Companies

More on QumulusAIAI Buildout Tracker โ†’Big Tech AI Spending โ†’AI Valuations โ†’

QumulusAI FAQ

Who are QumulusAI's investors?

QumulusAI's investors include ATP Fund, Permian Labs, USD.AI (As of 2026-07-31T14:35:19Z).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data ยท Suggest a correction