Australian data center builder Firmus secures over $500 million in financing, with partner NVIDIA participating in the investment

Zhitong
2026.04.07 01:47

Australian data center builder Firmus Technologies raised $505 million in a funding round led by Coatue Management LLC, with NVIDIA also participating in this round. This funding brings Firmus's valuation to $5.5 billion, and the funds will be used to rapidly deploy AI hardware based on NVIDIA computing technology in the Asia-Pacific region. Firmus has raised $1.35 billion in the past six months and plans to build renewable energy-powered data centers in Australia

According to Zhitong Finance APP, Australian data center builder Firmus Technologies has raised $505 million in a funding round led by Coatue Management LLC. Firmus announced on Monday that this transaction values the company at $5.5 billion. NVIDIA (NVDA.US), a leader in AI chips and also a partner of Firmus, participated in this funding round.

NVIDIA frequently collaborates with venture capital firms and has invested billions of dollars in AI companies. Its goal is to help cultivate an industry ecosystem that has already driven explosive sales growth and elevated NVIDIA to become the world's most valuable company. Similar to this Firmus funding, NVIDIA also supports companies that purchase its products. Although some investors have expressed concerns about the "circular nature" of such transactions, NVIDIA has refuted these claims.

The funds will be used to rapidly deploy AI hardware based on NVIDIA's upcoming computing technology in the Asia-Pacific region. Firmus currently has data center projects in both Australia and Singapore. Including this latest transaction, the company has raised $1.35 billion in the past six months.

It is reported that Firmus is leading a project called Southgate, which aims to build data center capacity powered by renewable energy in Australia, with the first site located in Tasmania. After the completion of the first two rounds of technology deployment, the facility will deploy computers based on 36,000 NVIDIA accelerator chips. These high-performance processors help develop and run AI models by inputting massive amounts of data into the models.

This Australian project aligns with NVIDIA CEO Jensen Huang's "sovereign AI" strategy, which aims to build local data centers that allow countries and enterprises to keep their data within national borders. Jensen Huang views this area as one of NVIDIA's key growth directions.

Firmus is adopting Vera Rubin DSX, a design solution provided by NVIDIA, to build its so-called "AI factory." Vera Rubin is the codename for NVIDIA's next-generation chips and computers, which the company plans to start shipping in the second half of this year.

Firmus previously stated that the Southgate project has attracted participation from a global hyperscaler. The world's largest alternative asset management firm, Blackstone, has also provided financing support for the project

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