Nvidia Backs Firmus' AI Factory Plans at $1.9 Billion Valuation
Australian Financial Review
SKIPPED
Details
- Date Published
- 14 Sept 2025
- Priority Score
- 2
- Australian
- Yes
- Created
- 15 Sept 2025, 04:58 pm
Description
The Oliver Curtis and Tim Rosenfield-led unicorn has closed one of largest equity capital raisings of the year, banking $330 million from investors.
Summary
Nvidia's investment in Firmus Technologies enhances the latter's bid to establish an AI infrastructure company of significant scale, as evidenced by their $1.9 billion valuation. This move underscores Nvidia's support for AI-driven innovation, although the article primarily focuses on financial aspects rather than AI safety. The participation of high-profile investors highlights a trend of increasing interest in AI applications globally, though the implications for AI safety and catastrophic risk are not directly addressed. The Australian context is present through local investment involvement, but the main advancements pertain to business strategy rather than existential AI risks or governance.
Body
TechnologyStart-upsPrint articleTess BennettTechnology reporterSep 16, 2025 – 5.00amSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginFirmus Technologies has reeled in US technology giant Nvidia as an investor in one of the year’s biggest local equity capital raisings, earning the artificial intelligence infrastructure company unicorn status before a planned public float next year.Firmus said it had raised $330 million from investors including Nvidia, which values the Singapore-based business at $1.9 billion. Nvidia, which is the world’s most valuable company, and local investment house Ellerston Capital were the two highest-profile new investors.Loading...Tess Bennettis a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter.Connect withTessonTwitter.EmailTessattess.bennett@afr.comSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreFetching latest articlesDion Lee lost his business. He’s backLauren SamsThe one dish worth $1.4m a year to this iconic Sydney restaurantThe CEO who found her mojo when she demoted herselfWhy this CEO asks job candidates to describe their desk to himSally Patten, Iona Rennie and Rachael BoltonWhy this CEO left private equity to run a beauty retailerHow this top lawyer made partner at 29Is this the year cruising becomes cool?Anna McCooeWhy you’ll want to smell like the beach this summerThis $6.5m yacht is cruising minus the crowdsPub and pokies king Sam Arnaout issued please explain by corporate copPrimrose Riordan and Greg BearupRich Lister and Toga founder Ervin Vidor dies at 92Inside the private group with more revenue than Hancock Prospecting