Firmus Raises USD$505 Million in Strategic Equity Investment Led by Coatue

Firmus, an Asia-based AI infrastructure company, expects to secure a further USD$505 million strategic equity investment led by Coatue, one of the most active global investors in AI and technology infrastructure, with participation from NVIDIA subject to certain closing conditions.

The investment supports the rapid deployment of Firmus’ AI infrastructure platform, based on the NVIDIA Vera Rubin DSX reference design, across the Asia-Pacific region. It enables the delivery of Project Southgate in Australia and deployments of AI factories across the region, positioning Firmus to meet rising demand for energy-efficient AI infrastructure from hyperscale, enterprise, and sovereign customers.

Firmus’ flagship Project Southgate is establishing a national network of energy-efficient AI factories across Australia. The Firmus AI Factory platform – co-designed with global technology leaders and purpose-built for AI – is delivered through a vertically integrated supply chain based in Australia. This combination, understood to be unique to Firmus, allows for faster deployment, lower up front and ongoing operating costs, and strengthens Australia’s position to deliver AI compute to international markets competitively.

Firmus’ AI Factory infrastructure is built in alignment with the NVIDIA Vera Rubin DSX reference design and a focus on scalable, next-generation accelerated computing.

“AI demand is accelerating faster than the infrastructure required to support it,” said Robert Yin, General Partner & Head of AI Infrastructure at Coatue. “Firmus is closing that gap with an energy-efficient AI Factory model purpose-built for next-generation compute at a global scale. We’re proud to partner with Firmus as they build critical infrastructure for the future of AI.”

“This investment reinforces Australia’s role in global AI infrastructure while accelerating our Asia-Pacific growth strategy,” said Oliver Curtis, Co-Founder and Co-CEO of Firmus.“Project Southgate provides a strong foundation for exporting efficient AI compute globally, and our experience in Singapore gives us a proven blueprint for scaling across Southeast Asia.”

This transaction is expected to bring Firmus’ total equity raised to USD$1.35 billion in equity over the past six months, at a post-money valuation of USD$5.5 billion and subject to certain closing conditions.

About Coatue

Coatue is a global technology investment platform with more than $70 billion in assets under management. Coatue’s integrated team of investors, technologists, and data scientists invests across public and private markets through a range of strategies. The firm is known for its long-standing, research-driven approach to backing companies shaping the future of technology. Further information is available at www.coatue.com. Follow Coatue Management on LinkedIn and @Coatuemgmt on X.

Media

Firmus:

Lauren Crystal, Firmus Communications lauren.crystal@firmus.co

Coatue: media@coatue.com