Firmus, the ‘Southgate’ AI datacenter builder backed by Nvidia, hits $5.5B valuation

Asia AI information halfway supplier Firmus connected Monday announced a caller $505 cardinal rise led by Coatue astatine a $5.5 cardinal station wealth valuation. With this round, Firmus has raised $1.35 cardinal successful six months, it says.

The Singapore-based information halfway institution antecedently raised AU$330 million (approximately $215 million) astatine an AU$1.85 billion ($1.2 billion) valuation from investors, including Nvidia.

Firmus is processing an energy-efficient “AI factory” web of information centers successful Australia and Tasmania, a task it dubs Project Southgate. It is utilizing Nvidia’s notation designs for gathering these businesslike information centers. These caller information centers volition usage Nvidia’s Vera Rubin level — the spot giant’s next-gen AI computing strategy succeeding its Blackwell architecture, expected to vessel successful the second-half of 2026.

Firmus primitively provided cooling technologies for Bitcoin mining and has become yet-another crypto-roots-turned-AI provider institution that investors love.