Firmus nearly doubles valuation to over $10.5 billion in 4 months with Nvidia-backed fundraise

Firmus said on Friday it had raised $2 billion in equity in its latest funding round to speed up the build-out of AI factories in Australia and Asia Pacific, bringing up the company’s post-money ‌valuation to ⁠above $10.5 ⁠billion.

The latest funding round saw ​follow-on participation from Nvidia and tech investor Coatue Management, along ​with backing from Blackstone’s funds and Jane Street.

The raise values Australia-based Firmus post-money above $10.5 ​billion, nearly double the $5.5 billion ⁠valuation from ‌its earlier round in April.