Firmus secures commitments for $2 billion equity round
Coatue, NVIDIA, Blackstone-managed funds and Jane Street back the next phase of Firmus’ AI infrastructure expansion.
Firmus announced full commitments for a $2 billion strategic equity investment on August 7, 2026. Coatue and NVIDIA returned, joined by funds managed by Blackstone Tactical Opportunities and other Blackstone vehicles, with Jane Street also participating.
Expanding Project Southgate
The capital will accelerate the Australian AI factory rollout and preparations for further Asia-Pacific expansion. The company said the transaction put its post-money valuation above $10.5 billion.
Firmus reported more than $3 billion of new equity over the preceding year, including this round. The August announcement describes subscribed commitments.
Use of funds
Deploy AI factories across Asia-Pacific
Develop Project Southgate in Australia