Loan & DebtJun 11, 2026, 08:41 AM
Duos Technologies Secures $98.1M Financing for GPU Deployment
AI Summary
Duos Technologies Group, Inc. announced that its subsidiary, Duos Edge AI – GPUaaS, LLC (Edge GPU), secured $98.1 million in asset-based financing from USD.AI. This three-year debt facility will fund the deployment of NVIDIA B300 GPUs. The financing is secured by the GPUs and related equipment, with the Company pledging its equity interest in Edge GPU but not incurring direct liability. The closing is anticipated within 30 days, contingent on GPU delivery and installation.
Key Highlights
- Duos Technologies' subsidiary, Edge GPU, secured $98.1 million in financing from USD.AI.
- The financing is a three-year asset-based debt facility.
- Funds will support the previously-disclosed deployment of NVIDIA B300 GPUs.
- The debt is secured by the GPUs and related equipment owned by Edge GPU.
- Duos Technologies Group will pledge its equity interest in Edge GPU.
- The Company is not liable under the financing, except for specified "bad boy" events.
- Closing is expected within the next 30 days, upon GPU delivery and installation.
Price Impact
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