# Firmus has secured $505 million in fresh equity funding, pushing its valuation to $5.5 billion.

*business · news · 2026-04-07 · Benzinga*

## Key points

- Firmus raised $505 million in equity, raising its valuation to $5.5 billion.
- Firmus has raised $1.35 billion in three equity rounds over the past six months.
- Firmus' 'AI Factories' use Nvidia reference architecture and liquid immersion cooling technology.
- Project Southgate will build multiple AI-focused data centers in Australia with Nvidia and CDC Data Centres.
- Blackstone extended $10 billion in debt financing to Firmus in February.

**Companies:** Nvidia Corp, Coatue, Blackstone, Firmus
**Countries:** Australia, Singapore

[Read the full story on Benzinga](https://www.benzinga.com/markets/tech/26/04/51672265/nvidia-backed-firmus-raises-505-million-ai-data-center-boom)

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