Complete List of All AI Companies Under $2 Billion Market Cap

Page 17 of 45

31. TSS, Inc. (NASDAQ:TSSI)

Market Capitalization: $268.53 Million

Number of Hedge Fund Holders: N/A

TSS, Inc. (NASDAQ:TSSI) offers technology services to implement, manage, and maintain IT systems for businesses and users in the U.S. The company delivers custom, high-volume solutions that support data centers and drive digital transformation in fields like generative AI. TSS partners with top data center technology providers and handles the deployment of billions of dollars in technology annually.

In December 2024, TSS (NASDAQ:TSSI) signed a multi-year lease for 212,793 square feet at the Georgetown Logistics Park in Georgetown, Texas to relocate its headquarters and expand its facilities to accommodate growth in AI integration. The expansion is driven by increasing demand for AI technologies, following a long-term customer agreement.

In January, the company secured a $20 million credit facility with Susser Bank to support the expansion of its operations. The funds will help develop the new space, with operations expected to begin in early 2025. The credit facility has a five-year term, with interest-only payments for up to six months, after which it converts to a term loan.

Page 17 of 45