Firmus

AI Infrastructure · Data Centers · GPU Compute

Funding

Firmus raises $2B at $10.5B valuation for Nvidia-backed AI factories

Backers doubled the company's worth in just four months, signaling how fast capital is chasing AI infrastructure in Asia-Pacific.

• Firmus closed a fully subscribed $2 billion strategic equity round, lifting its post-money valuation above $10.5 billion, with Blackstone Tactical Opportunities joining as a new backer alongside returning investors Nvidia and Coatue.
• Firmus builds what it calls 'AI factories' — GPU data centre campuses based on Nvidia's DSX reference architecture, using its own HyperCube hardware platform and grid-aware software to boost energy efficiency.
• Proceeds will accelerate the Project Southgate AI Factory rollout across Australia and fund early expansion into Asia-Pacific, including a 170,000-GPU cluster on Batam Island, Indonesia.
• The valuation has nearly doubled from $5.5 billion in April 2026 to over $10.5 billion now, with Firmus raising more than $3 billion in fresh equity in the past twelve months.
• Firmus was valued at just AU$1.85 billion when Nvidia first backed it in September 2025 for a Tasmania data centre; less than a year later that figure has climbed more than eightfold.
• Firmus is positioning for a planned ASX listing, and the round is widely seen as building the scale and investor base a future IPO would require.
• Nvidia's repeated follow-on backing alongside fresh capital from Blackstone shows that Wall Street's largest pools of capital are now underwriting the physical infrastructure layer of the AI boom, not just chips or models.