Australian AI infrastructure startup Firmus Technologies has received full commitments for a $2bn strategic equity investment round, as it moves ahead with its Project Southgate AI Factory rollout across Australia.
The round includes follow-on participation from Coatue and Nvidia, as well as new investment from funds managed by Blackstone Tactical Opportunities and other Blackstone vehicles, which the company collectively referred to as Blackstone. Global trading and technology firm Jane Street is also participating.
Firmus said the funding will support the next phase of Project Southgate in Australia and help prepare for expansion into other Asia-Pacific markets.
The company said it already manufactures its proprietary HyperCube platform in Australia and has grid-aware software in place. It added that the new capital will help accelerate its domestic rollout and support targeted investments tied to future expansion.
Firmus said it is developing an AI infrastructure based on Nvidia's DSX AI Factory Reference Architecture to speed up deployment, improving tokens per watt, and boosting resiliency at scale.

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