Nvidia-backed Firmus raises $505M at $5.5B valuation
Synopsis
Firmus Technologies secured $505 million in funding led by Coatue with Nvidia participation, valuing the company at $5.5 billion. The investment will expand AI data center operations across Melbourne, Tasmania, and Singapore ahead of a planned ASX listing in mid-2026.
Firmus Technologies raised $505 million to expand AI data centers across Australia and the Asia-Pacific, backed by Nvidia, and is preparing for a mid-2026 ASX listing.
Key Highlights
- Firmus Technologies raised $505 million, valuing the company at $5.5 billion.
- Melbourne and Tasmania campuses will deploy tens of thousands of Nvidia GPUs.
- The company secured a $10 billion debt facility led by Blackstone.
- ASX listing is planned in mid-2026 with projected valuation of A$8–12 billion.
Firmus Technologies, an Australian AI data centre company, raised $505 million in a funding round led by Coatue Management, with Nvidia participating.
The investment values the company at $5.5 billion and will support the expansion of AI data centres across Australia and the Asia-Pacific region.
The Melbourne campus will host 18,400 Nvidia GB300 GPUs, while a Tasmania facility under construction is set to house 36,800 GPUs.
The company also secured a $10 billion debt facility led by Blackstone, providing additional capital for infrastructure development.
AI Infrastructure Demand in Australia
Firmus’s expansion highlights the growing demand for high-performance computing in Australia and the region. Local data centres enable companies to run AI workloads domestically, meet data sovereignty requirements, and support industrial and enterprise applications.
Globally, countries like Singapore, Japan, and South Korea are investing heavily in AI-ready infrastructure, reflecting rising compute demand.
Company Statements and Plans
Firmus confirmed the funding and ongoing projects. NVIDIA’s participation coincides with the launch of the Vera Rubin DSX GPU platform later this year.
Coatue and Blackstone provide institutional support. Customer details, pricing, and GPU deployment terms remain undisclosed. Firmus plans to list on the ASX in mid-2026, with expected valuations between A$8–12 billion.
FAQs
Q1. What is the purpose of Firmus Technologies’ $505M funding?
The funding will expand AI data center infrastructure across Australia and the Asia-Pacific region.
Q2. Who participated in the Firmus funding round?
The round was led by Coatue Management, with Nvidia participating as an investor.
Q3. How many GPUs will Firmus deploy?
Melbourne and Tasmania campuses will host a combined total of 55,200 Nvidia GB300 GPUs.
Q4. When is Firmus planning its ASX IPO?
Firmus aims for an initial public offering on the Australian Stock Exchange in mid-2026.
Follow Inspirepreneur Magazine for daily global business news.
Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
