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Sydney-based AI data center company Firmus raised $2B in funding from Coatue, Nvidia, and others at a $10.5B post-money valuation, up from $5.5B in April (Nichiket Sunil/Reuters)
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Australian AI data center operator Firmus secured $2B in new funding, doubling its valuation to $10.5B in four months.
The raise signals that capital is still flowing into AI infrastructure at unprecedented scale. For engineers, it means more high-power GPU capacity will be built in the Asia-Pacific region, but also that the cost of leasing or colocating AI training clusters is unlikely to drop soon.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
Firmus is an Australian company specializing in AI-optimized data centers.
The $2B round was led by Coatue and included Nvidia, implying a focus on GPU-heavy workloads.
The valuation jump from $5.5B to $10.5B in four months reflects investor urgency to lock in regional AI infrastructure capacity.
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