Firmus Completes $2B Funding at Over $10.5B Valuation

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Firmus closed a $2 billion funding round at a valuation exceeding $10.5 billion, up from $5.5 billion in April. Investors include NVIDIA, Coatue, Blackstone, and Jane Street. The company will use the capital to expand AI infrastructure in Australia and the Asia-Pacific region. Funding conditions remain favorable amid strong market sentiment. The Fear & Greed Index reflects continued investor confidence in high-growth technology sectors.

ChainThink reports that on August 7, according to Reuters, Australian AI infrastructure company Firmus completed a $2 billion equity financing round, raising its post-money valuation to over $10.5 billion.

This valuation is nearly double its $5.5 billion valuation from its previous funding round in April.

In this funding round, NVIDIA and Coatue Management continued to participate, with support also provided by a fund under Blackstone and Jane Street.

Firmus stated that the funding will be used to accelerate the development of its AI training and inference infrastructure in Australia and the Asia-Pacific region, and to expand into Asian markets such as Indonesia.

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