Nvidia-Backed Firmus Raises $2 Billion as AI Infrastructure Valuation Tops $10.5 Billion
Australian AI-infrastructure company Firmus has secured large new equity commitments as investors keep funding power, cooling and GPU infrastructure behind AI factories.
Why it matters: AI infrastructure startups are attracting hyperscale-style financing as compute becomes a bottleneck for model deployment.
Australian AI-infrastructure company Firmus has secured major new equity financing as investors continue directing capital toward the computing systems required to train and operate artificial intelligence.
The round gives Firmus a valuation above $10.5 billion on a U.S.-dollar basis and follows earlier financing tied to Project Southgate, the company’s Australian AI-factory program.
Firmus plans to use the capital to accelerate Project Southgate while preparing additional deployments across the Asia-Pacific region. The company builds infrastructure around Nvidia reference architectures and is targeting both training and inference workloads.
The financing illustrates how private-market investors are moving deeper into the physical layer of artificial intelligence. Instead of backing only model developers and software companies, capital is increasingly flowing toward power, cooling, GPU clusters and purpose-built facilities that provide the compute those applications require.