en.Wedoany.com Reported - AI-driven education technology company Classover has transformed into an AI cloud service provider and been renamed Kidz AI Inc. In May 2026, the company announced it had entered into an equity purchase agreement with Chardan Capital Markets, allowing it to sell up to $100 million in Class B common stock. The proceeds will be used to support the expansion into AI core computing infrastructure, high-performance GPU cloud platforms, and data center ecosystems.
The specific uses of this financing include acquiring high-performance GPU assets, developing a new cloud (NeoCloud) partner ecosystem, and investing in data center assets. The company also disclosed its renaming plan. Kidz AI CEO Stephanie Luo stated that this financing arrangement will be a decisive turning point for the company, which is committed to building a scalable ecosystem encompassing GPU high-performance computing, AI data centers, and the NeoCloud computing platform.
Stephanie Luo also noted that the company is evaluating key opportunities ranging from GPU deployment and AI inference hosting to model deployment services, and plans to participate in AI infrastructure construction through strategic acquisitions, vertical integration, and partnerships. Currently, these initiatives remain subject to market conditions, capital availability, final agreements, and applicable regulatory requirements.
In the following weeks, Kidz AI established a partnership with bare-metal GPU infrastructure provider 1Legion. Through a newly established special purpose vehicle, Ousia Compute, the two parties jointly invested $50 million in AI computing infrastructure, with Kidz AI holding a majority stake in the company. This collaboration plans to deploy Nvidia GPU clusters—including H100, H200, B300, and B200S models—at Tier 3+ data centers in the United States and globally.
Just days later, Kidz AI announced another partnership with AI cloud and GPU infrastructure provider Cyfuture.ai. Through this collaboration, Kidz AI gains access to Cyfuture.ai's infrastructure stack, including GPU-as-a-Service, Inference-as-a-Service, and Tier 3 certified data center operations.
Kidz AI also raised $500.6 million through convertible secured financing to further expand its capital deployment activities. According to a company announcement on May 29, while launching its new AI cloud business, Kidz AI will continue to engage in AI-driven education technology and is exploring opportunities in robotics, industrial automation, and physical AI. The company, headquartered in Manhattan, New York, was founded in 2020.
Several companies originally unrelated to AI have transformed to enter the AI cloud market. Earlier this year, footwear company Allbirds announced a pivot to providing AI computing infrastructure. Other examples include a Taiwanese whiskey importer, a recruitment website, a Singaporean healthcare company, an Indian television production company, a Chinese auto loan financing firm, an airline operator, and a Hard Rock Cafe franchisee in Malaysia—all seeking to enter this field.
