MoneyApril 6, 2026via SiliconAngle
Nvidia-backed Firmus raises $505M at $5.5B valuation ahead of ASX IPO
Why it matters
Nvidia's backing of an Australian AI data center play underscores the global race for GPU-accessible infrastructure. A $5.5B pre-IPO valuation shows investors are betting on regional AI compute providers, not just US-centric plays.
Key signals
- $505M funding round
- $5.5B valuation
- Nvidia-backed
- Founded 2019
- ASX IPO expected later in 2026
- AI data center infrastructure focus
- Australian company expanding globally
The hook
$505M. That's what Nvidia-backed Firmus just raised ahead of its ASX IPO—signaling serious institutional conviction in AI infrastructure outside Silicon Valley.
Nvidia Corp.-backed Australian artificial intelligence data center company Firmus Technologies Pty. Ltd. today said it has raised $505 million in new funding on a $5.5 billion valuation ahead of an expected initial public offering on the Australian Stock Exchange later this year. Founded in 2019, Fi…