Firmus, the ‘Southgate’ AI datacenter builder backed by Nvidia, hits $5.5B valuation
TechCrunch
Singapore-based AI data center provider Firmus secured $505 million in funding, reaching a $5.5 billion valuation to expand its Australian infrastructure.Summary
Singaporean data center firm Firmus has achieved a $5.5 billion valuation following a $505 million funding round led by Coatue. This capital boost brings the company's total funding to $1.35 billion over the last six months.
Firmus is currently developing "Project Southgate," a network of energy-efficient AI data centers across Australia and Tasmania. The project utilizes Nvidia’s reference designs and is slated to incorporate Nvidia’s upcoming Vera Rubin platform, the successor to the Blackwell architecture, when it ships in late 2026. Originally a cooling technology provider for Bitcoin mining, Firmus has successfully pivoted to become a major infrastructure player in the artificial intelligence sector.
(Source：TechCrunch)