Firmus Closes $2B Funding Round: Valuation Surpasses $10.5B, NVIDIA Partnership Powers 1.6GW Australian AI Factory, Asia-Pacific Expansion Accelerates
Australian AI infrastructure company Firmus closed a $2 billion strategic equity round in August 2026, with valuation surpassing $10.5 billion — nearly doubling from April. NVIDIA, Coatue, Blackstone, and Jane Street participated, with funds accelerating Project Southgate's Australian AI factory plan targeting 1.6GW of compute capacity by 2028, and expansion into Indonesia and other Asia-Pacific markets.