Nvidia-backed data center builder Firmus raises $505 million

Firmus Technologies Pty, a data center infrastructure builder, has raised $505 million in a funding round led by Coatue Management, with participation from Nvidia, as global investment in AI compute infrastructure accelerates. The Australian company specializes in modular, sustainable data center designs aimed at meeting surging demand from cloud providers and AI developers. Nvidia's backing signals the chipmaker's continued vertical integration strategy, extending beyond silicon into the physical infrastructure that houses its GPUs. The funding round highlights how AI infrastructure has become a priority for venture capital, with investors betting that specialized data center construction will be a bottleneck in AI expansion. Firmus operates in markets including Australia, Singapore and the Middle East, positioning itself as a partner for hyperscalers seeking rapid deployment of AI-optimized facilities.