Nvidia backs Australian ‘AI factory’ Firmus with $1.9b valuation

Nvidia backs Australian ‘AI factory’ Firmus with $1.9b valuation

The Oliver Curtis and Tim Rosenfield-led unicorn has closed one of largest equity capital raisings of the year, banking $330 million from investors.

Firmus secures $330M to build green, sovereign AI factory with NVIDIA

Firmus Technologies has received $330 million equity placement with a cornerstone investment by Ellerston Capital, and participation from NVIDIA to build Australia’s first sovereign, renewable-powered AI factory campus.  Called Project Southgate, it will be located in the Green AI Factory Zone in northern Tasmania, following a partnership deal with the Tasmanian government. The facility will feature 36,000 NVIDIA GPUs built over two stages and o…