QumulusAI CEO on Taking Atlanta’s AI Infrastructure Company Public
ATLANTA, August 4 (Hypepotamus) - Last week the team behind QumulusAI, a neocloud infrastructure provider, was in New York to ring Nasdaq’s opening bell, officially making it Atlanta’s newest public company.
Now trading under the ticker “QMLS”, QumulusAI is entering the public market as demand for AI computing capacity accelerates. The reality is that enterprise companies and AI developers and researchers need infrastructure to keep up with the pace of AI development and deployment. QumulusAI says its modular design can make AI infrastructure and GPUs more affordable, adaptable, and secure.
CEO Mike Maniscalco said the listing gives the company greater visibility and financial flexibility as it expands its infrastructure, adds customers, and supports more enterprises moving AI projects from experimentation into production.
About The QumulusAI Team
Today, QumulusAI has set up its corporate headquarters inside The Biltmore Innovation Center on Tech Square in Atlanta. But the company got off the ground in 2019 as a Georgia-based data center with 1 megawatt (MW) of power capacity. Its capacity quickly scaled from there.
The company is led by CEO Mike Maniscalco, who took over the executive seat in 2025. Maniscalco, a Georgia Tech graduate, previously served as the CTO of Applied Digital, another public company in the AI infrastructure space.
Tech Square Ventures is an Atlanta-based firm investing in enterprise (B2B) and marketplace technology companies.
Other Atlanta-based members of QumulusAI’s executive team include Chief Growth Officer Steve Gertz, Chief Integration Officer Ankur Chatterjee, SVP of Capital Markets Patrick Gahan, and SVP of Global Sales Jim Marino.
Following the announcement that it is tradition on the Nasdaq Global Market, CEO Maniscalco took a moment to answer Hypepotamus’ questions about QumulusAI’s growth so far and what’s next for the company building in Midtown Atlanta.
Here’s a look at our Q&A:
Question: Take us back to the origins of QumulusAI. What was missing in the market that made it the right time to launch?
Answer: When we started QumulusAI, we saw a fundamental mismatch between the pace of AI innovation and the pace at which infrastructure could be delivered. AI models were advancing incredibly quickly, but getting the compute, power and capacity needed to run them still took months or even years.
We believed enterprises needed a different approach – one focused on bringing AI infrastructure online faster, with more flexibility and at a lower cost. Rather than thinking only in terms of massive, centralized deployments, we built QumulusAI around a distributed infrastructure model designed to help customers scale AI at the speed the market demands.
Atlanta was also a natural place to build the company. As a Georgia Tech graduate, I've seen firsthand the depth of talent the region produces. Between Georgia Tech, the broader university ecosystem and the city's enterprise and growing technology community, Atlanta offers access to world-class talent and an entrepreneurial culture that's well suited to building the next generation of AI infrastructure companies.
Question: Prior to the public listing, how big was the team? Was everyone in Atlanta?
Prior to listing, we remained a relatively lean team, focused on building the business rather than building headcount. We've intentionally assembled experienced leaders across infrastructure, cloud, finance and operations who have built and scaled technology companies before.
Atlanta is our headquarters and an important source of engineering talent, but our team isn't limited to one location. We have employees across several markets, reflecting both the distributed nature of our business and the expertise needed to build AI infrastructure at scale.
Question: Why was it the right time to go public now?
The AI infrastructure market is entering a new phase. Demand continues to accelerate as enterprises move AI workloads from experimentation into production, and we believe being a public company gives us greater flexibility to support that growth.
Listing on Nasdaq increases our visibility with customers, partners and investors as we continue expanding infrastructure, growing our customer base and investing in the business. For us, becoming a public company was the next step in building a long-term company.
Question: How is the team feeling after ringing the bell last week?
It was an exciting milestone and a proud moment for everyone who has helped build the company. Ringing the Nasdaq bell is something many entrepreneurs dream about, and it gave the team an opportunity to celebrate everything we've accomplished together.
That said, AI is moving incredibly fast, our customers are moving quickly, and we're focused on execution. The listing opens a new chapter for QumulusAI, but our attention is already on delivering for customers, expanding our platform and continuing to build the business for the long term.
Question: What is the company's focus for the rest of the year?
Our priorities are straightforward: service accelerating demand and continue expanding AI infrastructure capacity, execute on customer deployments, deepen relationships with strategic partners like NVIDIA, Cisco, WWT, Dell and others, and help more enterprises move AI into production.
We're still in the early innings of enterprise AI adoption. As organizations move from pilots to production, the demand for trusted, scalable and rapidly deployable AI infrastructure will only continue to grow, and we're focused on helping meet that demand.
Other QumulusAI Headlines
The Nasdaq listing was not the only headline QumulusAI had made this summer. The Atlanta-based company also recently announced it had signed a two-year agreement, valued at more than $32 million, to supply NVIDIA Blackwell B300 capacity to an AI inference platform provider as well as a three-year agreement, valued at more than $71 million, to supply NVIDIA Blackwell B300 and B200 capacity to an AI inference platform provider.
