Eleveight AI: $120 Million Invested In Armenia’s First Blackwell-Powered AI Factory
Summary
Eleveight AI announced a $120 million first-phase investment in a GPU-native AI factory in Gagarin, Armenia. The facility uses NVIDIA Blackwell B300 GPUs and aims to deliver large-scale compute for AI workloads across the region. The company positions the project as a sovereign AI infrastructure hub that can attract domestic and international AI demand. It also plans to reserve 20% of compute capacity for Armenian universities, research institutions, and non-commercial organizations.
Funding
Amount
$120.0M
Total raised
Date
May 30, 2026
Announcement date
Investors
NVIDIA
Lead investors
Company
eleveight.ai
Funded company
Classifications
industries
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applications
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AskAI Classifications
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