Rackspace and Together AI announce agreement to support enterprise AI inference
RXT•Rackspace will provide Together AI with NVIDIA GB300 NVL72 infrastructure, with deployment planned for 2027, and the companies entered a non-binding letter of intent for joint enterprise AI solutions. Rackspace also entered a $66 million private placement share purchase agreement effective Nov. 6, 2026, and said it will seek separate financing for the systems.
1. Infrastructure agreement
Rackspace Technology will provide Together AI with dedicated NVIDIA Blackwell Ultra infrastructure, including power, cooling, networking and storage, with deployment of NVIDIA GB300 NVL72 systems planned for 2027. The companies also entered a non-binding letter of intent for joint enterprise AI solutions.
2. Separate financing
Rackspace said it will seek separate financing for the NVIDIA systems, with no definitive commitment yet. It also entered a $66 million private placement share purchase agreement effective Nov. 6, 2026.
