Firmus raised $2 billion and valued at over $10.5 billion, with Nvidia and Coatue participating

On August 7, AI infrastructure company Firmus announced the completion of equity financing of 2 billion US dollars, and the post-investment valuation exceeded 10.5 billion US dollars, almost double the previous round of 5.5 billion US dollars in April. This round of financing received additional investment from Nvidia and Coatue Management, and Blackstone's funds and Jane Street also participated.

Firmus is building infrastructure based on Nvidia's DSX AI Factory reference architecture. The two parties reached an agreement at the end of June. Firmus will purchase Nvidia equipment and sell cloud services supported by it. This round of funding will be used to accelerate Project Southgate in Australia and the Asia-Pacific region, including the recently announced project in Indonesia. Firmus Co-CEO Oliver Curtis said the new capital will support the company to advance simultaneously in the Australian and Asia-Pacific markets.