Firmus Secures $505M at $5.5B Valuation to Deploy Nvidia Vera Rubin Data Centers
Singapore-based data center provider Firmus raised $505 million led by Coatue at a $5.5 billion post-money valuation, bringing total funding to $1.35 billion in six months. Firmus will deploy Nvidia’s Vera Rubin reference designs across its energy-efficient Project Southgate network in Australia and Tasmania, targeting H2 2026 shipments.
1. Funding Round Details
Firmus announced a $505 million Series funding round led by Coatue at a $5.5 billion post-money valuation, marking $1.35 billion raised over the past six months and highlighting strong investor appetite for AI data center infrastructure.
2. Project Southgate Deployment
The Singapore-based company plans to build an energy-efficient network of AI data centers in Australia and Tasmania, branded as Project Southgate, leveraging Nvidia’s reference designs to optimize power and cooling systems.
3. Strategic Implications for Nvidia
By adopting Nvidia’s forthcoming Vera Rubin AI computing platform slated for second-half 2026 shipment, Firmus underscores growing demand for Nvidia’s next-generation GPUs and strengthens Nvidia’s ecosystem of AI infrastructure partners.