Firmus Completes $2 Billion Financing at Valuation Over $10.5 Billion, with NVIDIA, Coatue Among Investors

According to Reuters, Australian AI infrastructure company Firmus completed a $2 billion equity financing, pushing its post-money valuation to over $10.5 billion, nearly doubling the $5.5 billion valuation from its previous funding round in April. The round saw continued participation from NVIDIA and Coatue Management, with funds under Blackstone and Jane Street also providing support.