Jane Street in Talks to Back Fluidstack at $18 Billion Valuation

The cloud-computing startup Fluidstack Ltd. is holding funding talks with investors to bring in about $1 billion at a target valuation of $18 billion, according to people briefed on the matter.

Investors Jane Street and Situational Awareness are in talks to co-lead the new funding round, said the people, who asked not to be identified discussing private information. Morgan Stanley is advising Fluidstack on the round, one of the people said.

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The new funding would make Fluidstack one of the more valuable startups in the US — ...