Aussie AI Cloud Firm Firmus Raises $2bn in Strategic Equity Round

Australian AI cloud provider Firmus has raised US$2 billion in a strategic equity investment round, marking one of the largest private capital raises in the country's technology infrastructure sector. The funding will accelerate the company's rapid expansion across Australia and into broader Asia-Pacific markets, as demand for AI-ready data center capacity continues to outpace supply globally. The round featured follow-on participation from Coatue and Nvidia, both of which had previously backed