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

*semiconductor · news · 2026-04-06 · Financial Post*

## Key points

- Firmus Technologies raised $505 million, valuing the company at $5.5 billion.
- The funding will deploy Nvidia's forthcoming Vera Rubin DSX AI hardware in Asia-Pacific data centers.
- Firmus's Southgate project in Tasmania will use 36,000 Nvidia accelerator chips and run on renewable energy.
- Nvidia participated in the round and is promoting 'sovereign AI' by supporting local data center infrastructure.
- Firmus has raised $1.35 billion in six months and attracted a global hyperscaler customer for Southgate.

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

[Read the full story on Financial Post](https://financialpost.com/pmn/business-pmn/nvidia-backed-data-center-builder-firmus-raises-505-million)

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