# Firmus, an Australian artificial intelligence company, said on Tuesday that it has raised $505 million in a funding round led by Coatue ‌Management.

*business · news · 2026-04-07 · The Economic Times*

## Key points

- Firmus raised $505 million in equity funding led by Coatue Management.
- The funding values Firmus at $5.5 billion post-money.
- Project Southgate aims to build AI factories across Australia with Nvidia and CDC Data Centres.
- Project Southgate is expected to reach 1.6 gigawatts capacity within three years.
- Firmus previously secured a $10 billion debt package led by Coatue and Blackstone in February.

**Companies:** Nvidia, Firmus
**Countries:** Australia

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/funding/australias-firmus-raises-505-million-to-expand-ai-infrastructure-across-asia-pacific/articleshow/130074841.cms)

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