According to Reuters, Australian AI infrastructure company Firmus has completed a $2 billion equity financing round, raising its post-money valuation to $10.5 billion—nearly doubling from its $5.5 billion valuation in its previous round in April. The round was led by NVIDIA and Coatue Management, with support from Blackstone’s funds and Jane Street. Firmus will use the funds to accelerate the development of AI training and inference infrastructure across Australia and the Asia-Pacific region, and to expand into Asian markets such as Indonesia.
Firmus Completes $2 Billion Funding, Valuation Reaches $10.5 Billion
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Summary
Funding rates for AI infrastructure firms remain favorable as Australian company Firmus completes a $2 billion equity round, pushing its valuation to $10.5 billion. The round was led by NVIDIA and Coatue Management, with support from Blackstone and Jane Street. The funds will expand AI training and inference infrastructure in Australia and the Asia-Pacific region, including Indonesia. This move reflects a shift in the Fear & Greed Index toward high-growth technology sectors.
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