AI Data Center Startup Firmus Raises $725 Million at $8 Billion Valuation

Australian AI data center startup Firmus is seeking to raise $725 million in additional funding at an $8 billion valuation, according to reports. The company, which specializes in GPU-focused data center infrastructure for AI workloads, has seen rapid growth amid surging demand for compute capacity. The new funding round would significantly expand its capital base as competition intensifies in the AI infrastructure market. Firmus has positioned itself as a provider of liquid-cooled data centers designed specifically for high-density AI chip deployments. The startup previously raised capital at a lower valuation, and the new pricing reflects investor optimism around infrastructure plays in the generative AI boom. The funding comes as major cloud providers and AI labs scramble to secure data center capacity. Competitors in the space include traditional colocation providers as well as newer entrants focused on AI-native infrastructure. The company did not immediately respond to requests for comment.