Friday, 7 August, 2026
Scaling Up: Firmus Hits $10.5B Valuation in AI Factory Rush
By TechShots Studio
Australian AI infrastructure startup Firmus has secured $2 billion in new equity funding, nearly doubling its valuation to over $10.5 billion in just four months. The funding round saw participation from heavyweights including Nvidia, Coatue, Blackstone, and Jane Street. Firmus will use the fresh capital to accelerate its AI factory deployment across Australia and expand into key Asia-Pacific markets like Indonesia.
Read full story at REUTERS