# Data center builder Firmus Technologies Pty raised $505 million in an investment round led by Coatue Management LLC.

*semiconductor · news · 2026-04-07 · Moneycontrol*

## Key points

- Firmus Technologies raised $505 million, valuing the company at $5.5 billion.
- Firmus will deploy Nvidia's forthcoming Vera Rubin DSX AI hardware in Asia-Pacific data centers.
- The Southgate project in Tasmania will use 36,000 Nvidia accelerator chips in its initial phases.
- Nvidia's investment strategy includes backing companies that purchase its products, raising concerns about deal circularity.
- Firmus's Southgate project has secured a global hyperscaler customer and financing from Blackstone.

**Companies:** Nvidia Corp., Coatue Management LLC, Blackstone Inc., Firmus Technologies Pty
**Countries:** Australia, Singapore, United States

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/nvidia-backed-data-center-builder-firmus-raises-505-million-13881778.html)

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