# Australia's Firmus Raises $2B from Blackstone, Coatue, Nvidia to Expand AI Factories in APAC

> Firmus, an Australian AI infrastructure company with a Singapore office, has raised $2 billion in a strategic equity round from Blackstone, Coatue, Nvidia and Jane Street. The deal pushes its post money valuation past $10.5 billion and brings its total new equity over the past year above $3 billion, planting it firmly in the AI infrastructure unicorn club. The money will expand Project Southgate, Firmus's AI factory effort, across Australia and into the wider Asia Pacific region. Investors point to the company's differentiated intellectual property and its manufacturing approach to building distributed compute as the reason for piling in. What stands out is where the capital is going. A lot of the AI infrastructure story so far has centred on the US, so a multi billion dollar bet on capacity built in Australia and across APAC is a reminder that the race to pour concrete and racks for AI is now genuinely global, and that Nvidia keeps showing up on both sides of the table as supplier and investor.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: TechNode · Published Saturday, August 8, 2026_

## Wortins' read

Firmus, an Australian AI infrastructure company with a Singapore office, has raised $2 billion in a strategic equity round from Blackstone, Coatue, Nvidia and Jane Street. The deal pushes its post money valuation past $10.5 billion and brings its total new equity over the past year above $3 billion, planting it firmly in the AI infrastructure unicorn club. The money will expand Project Southgate, Firmus's AI factory effort, across Australia and into the wider Asia Pacific region. Investors point to the company's differentiated intellectual property and its manufacturing approach to building distributed compute as the reason for piling in. What stands out is where the capital is going. A lot of the AI infrastructure story so far has centred on the US, so a multi billion dollar bet on capacity built in Australia and across APAC is a reminder that the race to pour concrete and racks for AI is now genuinely global, and that Nvidia keeps showing up on both sides of the table as supplier and investor.

## Source

[Read the full story at TechNode](https://technode.global/2026/08/07/australias-firmus-raises-2b-from-blackstone-coatue-nvidia-to-expand-ai-factories-in-apac/)

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