Firmus reaches $10.5 billion valuation with Nvidia support

The AI infrastructure provider nearly doubled its valuation in a new investment round.

Reported45 sec read

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Aug 7: Firmus reaches $10.5 billion valuation with Nvidia support

Photo: Jakub Żerdzicki · Unsplash

What happened

Firmus secured a new fundraising round backed by chipmaker Nvidia. The deal nearly doubles the firm's valuation to more than $10.5 billion. Full financial terms and the total amount raised remain undisclosed in initial reports.

The context

Tech companies are spending heavily on specialized hardware and data centers to run AI models. Chipmakers like Nvidia are investing directly in infrastructure partners to secure compute capacity and supply chains.

Sources

1470 & 100.3 WMBD ↗ via Google News Reported

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