Firmus

AI data centres, which the company calls AI factories, and the AI cloud computing capacity it sells from them across Asia-Pacific. Project Southgate, its main program, develops NVIDIA-based AI factory sites in Australia, starting in Launceston, Tasmania.

Data & cloud infrastructureAI data centres and GPU cloudSydney, Australia
FoundersSince 2019
Valuation
$11B
Total raised
$13B
Last round · Aug 2026
Strategic investment
Founded
2019

Valuation

$1B$10B2026$11B
Firmus priced rounds
RoundDatePost-money valuationRaisedLed by
Funding roundSep 16, 2025$1.2B$220MEllerston Capital
Funding roundNov 14, 2025$3.9B$327MUnknown
Strategic investmentApr 6, 2026$5.5B$505MCoatue
Strategic investmentAug 7, 2026$11B$2.0BUnknown
Post-money valuation at each priced round. Log scale.Hover a point for the round

Updated

Funding rounds

DateRound · leadRaisedValuation
Aug 7, 2026Strategic investment$2.0B$11B
Apr 6, 2026Strategic investment · Coatue$505M$5.5B
Feb 9, 2026Debt financing · Blackstone Tactical Opportunities$10B—
Nov 14, 2025Funding round$327M$3.9B
Sep 16, 2025Funding round · Ellerston Capital$220M$1.2B
Jun 26, 2025Funding round$184M—

Signals

Team

Firmus | Venture Place