Nvidia-Backed Firmus Raises $505 Million As AI Data Center Boom Accelerates - Blackstone (NYSE:BX), NVIDI
The latest round lifts total equity raised in six months to $1.35 billion as Firmus prepares for a planned ASX listing later this year.
- On Monday, Australian AI data center provider Firmus announced a $505 million equity raise led by Coatue Management, valuing the startup at $5.5 billion.
- Founded in 2019, Firmus operates specialized 'AI Factories' designed for high-density computing, having pivoted from Bitcoin mining cooling technology to AI infrastructure.
- This marks Firmus's third equity raise in six months, bringing total capital to approximately $1.35 billion; the company is also backed by a $10 billion debt facility from Blackstone Inc. secured in February.
- Preparing for an initial public offering on the Australian Securities Exchange this June or July, Firmus aims to raise an additional $2 billion, potentially positioning it as one of Australia's most valuable technology listings.
- Nvidia CEO Jensen Huang's 'sovereign AI' strategy drives Firmus's expansion as Australia emerges as a significant infrastructure hub, with the company targeting 1.6 gigawatts of capacity across five locations by 2028.
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Nvidia-backed Firmus targets $2bn ASX IPO after $505m raise and $10bn Blackstone debt
In short: Australian AI data centre company Firmus has raised $505m at a $5.5bn valuation in what it says is its final pre-IPO round, and is now targeting a $2bn listing on the ASX in June or July, backed by a $10bn Blackstone-led debt facility secured in February and a plan to deploy 1.6 gigawatts of […] This story continues at The Next Web
Australia's Firmus raises $505 million to expand AI infrastructure across Asia-Pacific
The company plans to use the funds to scale its AI infrastructure platform across the Asia-Pacific region. It will also support its Project Southgate initiative, which aims to build a network of AI factories across Australia. The project, developed in collaboration with Nvidia and CDC Data Centres, is expected to reach a capacity of up to 1.6 gigawatts over the next three years.
Nvidia-Backed Data Center Builder Firmus Raises $505 Million
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