GlobeNewswire·Nov 10, 2026, 8:30 AM ET

Rackspace and Together AI Announce Strategic Agreement to Support Enterprise AI Inference

RXT

Rackspace (NASDAQ: RXT) & Together AI announced a multiyear strategic agreement for Rackspace to operate dedicated NVIDIA GB300 NVL72 infrastructure with NVIDIA Spectrum-X Ethernet networking for Together AI inference workloads.
Deployment is scheduled for 2027, subject to conditions including the satisfaction of financing requirements.
The companies signed a separate non-binding letter of intent to explore a joint go-to-market approach for enterprise AI solutions combining Together AI's inference capabilities with Rackspace's infrastructure & engineering expertise.
Rackspace will provide the dedicated NVIDIA Blackwell Ultra infrastructure, including power, liquid cooling, networking, & storage, while Together AI operates the managed cloud platform on that hardware.
Rackspace plans to build a repeatable model for AI platform companies & enterprises to scale infrastructure while retaining control over technology & customer relationships.
Effective November 6, 2026, Rackspace secured $66 million via a private placement led by Voss Capital, LP, with proceeds allocated to general corporate purposes, working capital, & GPU-related initiatives.
Rackspace is in active discussions to secure separate financing for the NVIDIA GB300 NVL72 systems, though no definitive commitment has been obtained as of the release date.
The deployment aims to support regulated enterprise environments by offering enhanced security, governance, compliance, & data sovereignty options.
Gajen Kandiah, CEO of Rackspace, emphasized the need for operational accountability & deep infrastructure expertise to transition AI from compute access to reliable production.
Vipul Ved Prakash, CEO of Together AI, stated that Rackspace's engineering capabilities will support the scaling of their inference platform & enterprise ambitions.
The infrastructure is designed to utilize next-generation NVIDIA Blackwell Ultra accelerated computing to deliver efficient, production-scale inference workloads.
Rackspace's obligations to proceed with the deployment remain subject to financing conditions & the availability of facilities, power, & equipment on the planned timeline.

Company: Rackspace US, Inc.
Keywords: Nasdaq:RXT, Rackspace US, Inc., Enterprise AI, AI