Nvidia-backed Firmus intends to expand AI data centers in Asia-Pacific
Nvidia-backed Firmus Technologies Pty has raised $505 million to expand AI data centers in the Asia-Pacific region. The funding will be used to deploy AI hardware based on upcoming Nvidia technology, with plans to build renewable energy-powered data centers in Australia and Singapore.
Firmus Technologies Pty, an Australian data center builder, has raised $505 million in an investment round. The funding, led by Coatue Management LLC, values the startup at $5.5 billion. Nvidia Corp. also participated in the round. The capital will be used to deploy AI hardware across the Asia-Pacific region. Firmus has ongoing data center projects in Australia and Singapore. The company plans to build renewable energy-powered data centers, starting with a site in Tasmania.
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