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

What Happened

Firmus, a Singapore-based AI data center provider, raised $505 million led by Coatue at a $5.5 billion valuation. The company has raised $1.35 billion in six months. Firmus builds energy-efficient data centers in Australia and Tasmania using Nvidia's designs and technology. The facilities will use Nvidia's Vera Rubin platform launching in late 2026.

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