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

Firmus, an Australian AI infrastructure startup, has raised $505 million in equity led by Coatue, bringing its total funding in the last six months to $1.35 billion. The company is valued at $5.5 billion and is backed by Nvidia. It plans a $2 billion IPO on the ASX and has secured $10 billion in debt from Blackstone for its AI factory network.

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