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