Firmus IPO Has Nvidia Doubling Investment Valuing AI Infrastructure Start-up at $7 Billion
The Australian Financial Review
READ
Details
- Date Published
- 6 Apr 2026
- Priority Score
- 2
- Australian
- Yes
- Created
- 7 Apr 2026, 04:00 am
Description
Firmus is on the cusp of closing what’s expected to be its last capital raising as a private company at a $6.9 billion valuation, four times the value of shares issued last September.
Summary
Nvidia has doubled its investment in Australian AI infrastructure company Firmus, pushing its valuation toward $7 billion ahead of an anticipated initial public offering. This surge in capital highlights the accelerating race to scale hardware and data center infrastructure necessary for training increasingly powerful frontier AI models. While primarily a business development, the rapid expansion of physical compute capacity is a critical precursor to the emergence of more capable AI systems that pose challenges for safety oversight and governance. The development underscores Australia's role in the global AI supply chain but raises questions regarding the speed of hardware deployment versus the implementation of safety frameworks.
Body
TechnologyData centresPrint articleAmelia McGuire and Anthony MacdonaldApr 6, 2026 – 6.41pmArtificial intelligence infrastructure start-up Firmus is expected to be valued at nearly $7 billion after the world’s biggest company Nvidia doubled its investment in what’s slated to be its final capital raising as a private company.Firmus was scrambling to finalise the third and final tranche of its whopper $1 billion-plus pre-IPO raising on Monday night, according to those close to the company who were not authorised to speak publicly. It includes a share sale to Nvidia and other strategic investors, and comes hours before its management make their maiden pitch to potential IPO investors in Asia on Tuesday.Loading...SaveLog in or Subscribe to 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 MoreData centresCapital raisingIPOSharesAINvidiaFetching latest articles