Startup · $18.8b raised · Software · AI
GPU-powered AI cloud and scalable compute infrastructure
Sydney, NSW
Every investor coverage indicates participated in a round Firmus Technologies raised.
| Investor | Rounds | Invested |
|---|---|---|
| Alex Waislitz | Unnamed stage | - |
| Archibald Capital | Unnamed stage · undisclosed | - |
| Blackstone | Unnamed stage · Venture debt | - |
| Blackstone Tactical Opportunities | Unnamed stage | - |
| Coatue | Unnamed stage · undisclosed · Venture debt | - |
| Ellerston Capital | Unnamed stage · undisclosed | - |
| Jane Street | Unnamed stage | - |
| Maas Group Holdings | undisclosed | $100,000,000 |
| New York investors | undisclosed | - |
| Nvidia | Unnamed stage · undisclosed · undisclosed | $330,000,000 |
| Pratt family | Unnamed stage | - |
| Regal Funds Management | Unnamed stage · undisclosed | - |
| Tectonic Investment Management | Unnamed stage · undisclosed | - |
| Wilson Asset Management | Unnamed stage | - |
Investors whose own portfolio pages list Firmus Technologies, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Bondi Partners | its portfolio page ↗ |
| The 1941 Fund | its portfolio page ↗ |
The transaction that ended Firmus Technologies's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| - | IPO | 22 Oct 2026 | $7b | AFR Technology (Wed 7 Oct 2026), AFR Technology (Wed 7 Oct 2026), Startup Daily, AFR Technology (Tue 6 Oct 2026), AFR Technology (Tue 6 Oct 2026), iTnews, This Week in Australian Startups (Sun 4 Oct 2026), DealStreetAsia, ABC News Technology, Dealroom, This Week in Australian Startups (Sat 26 Sep 2026) |
Companies Firmus Technologies acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Firmus Technologies. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Street Talk reports Thoma Bravo is preparing Nearmap for an ASX re-listing, targeting a valuation above $US4 billion, having hired Goldman Sachs and Barrenjoey. No float has occurred yet.
Markets live blog covering rising oil prices, a higher ASX open, weak LVMH quarterly sales, analysis of Firmus Technologies' failed float, and an analyst's bullish view of Meta's new AI models.
Coatue Management reportedly slashed its planned commitment to Firmus's share offer, helping sink what had been billed as the largest market debut in roughly thirty years.
Cut Through Venture's quarterly report records a record $4.2 billion raised across 78 Australian venture rounds in Q3 2026, dominated by Firmus's $2.85 billion data centre raise, with sector trends, valuations and investor sentiment.
Also Startup Daily
Street Talk reports Singapore-based Princeton Digital, backed by Warburg Pincus, is reportedly nearing a $300 million deal for a Melbourne data centre, with a leasing arrangement involving ESR planned.
Weekly digest: Firmus withdraws its planned listing, Square Peg reaches a billion-dollar close on two vehicles, MUFG clears regulators to buy Grow Inc, and Lubdub, RocketDNA, Energy Bay and Metal all raise.
Data centre operator Firmus cancelled its planned A$5 billion Australian IPO citing weak demand and market volatility, and will instead seek private capital; its valuation had nearly tripled after an August fundraising round.
Australian Nvidia-backed data centre operator Firmus abandoned its planned US$5 billion IPO citing market conditions, and will instead pursue private capital; investors were reportedly sceptical of its valuation and debt.
Firmus Technologies has abandoned its planned multibillion-dollar sharemarket float after weak investor interest, and will instead rely on Nvidia and other existing backers to fund its data centre expansion plans.
ABC's markets live blog reports investor unease over AI valuations, centring on Australian data centre operator Firmus reportedly delaying its planned IPO and weighing private capital, alongside mixed overnight Wall Street results.
Firmus Technologies' co-founders face pressure to complete a struggling IPO, as dilution clauses could transfer a larger stake to Nvidia and other strategic backers if the float fails; a lower offer price is debated.
Firmus Technologies' planned $44 billion ASX listing is faltering, with bankers weighing a cut to its valuation or cancelling the float entirely amid weak interest from major investors and super funds.
The data centre company's planned multibillion-dollar sharemarket debut is struggling, with institutional investors rejecting the initial share price and bankers reportedly cutting the offer price to prevent the float collapsing.
Also The Age Business
Rear Window reports bankers and brokers are readying data centre firm Firmus for a stockmarket float, with co-founders Oliver Curtis and Tim Rosenfield and other insiders' shareholdings locked in escrow.
AI infrastructure company Firmus, preparing an ASX listing at a reported $44 billion valuation, has split from partner CDC over a scrapped data centre plan, while its prominent backers stay supportive.
Also The Age Business
Weekly roundup reporting Australian startup funding rounds and government grants, a venture fund close, agreed acquisitions, an IPO pricing, a collapse, plus executive hires and AI policy developments.
Analysis tracing Oliver Curtis from an insider trading prison term to his central role in Firmus's planned $7.2 billion Australian sharemarket listing, with Blackstone and Nvidia among its existing backers.
Weekly roundup recording a dozen raises and acquisitions, Firmus's scheduled float, a new $50m venture fund, a founder share sale, grant winners, an accelerator intake, and an AI agent's government breach.
Also DealStreetAsia·Dealroom·This Week in Australian Startups·AFR Technology·AFR Technology·Startup Daily·AFR Technology·AFR Technology·ABC News Technology·iTnews
Morgan Stanley research values AI chip rental firm Firmus at up to $128 billion ahead of its planned IPO next month; four banks will manage the float.
Data centre developer Firmus holds a five-year chip agreement with Nvidia and intends an ASX listing in late October; the float and its expansion remain intentions rather than done deals.
Column previewing Firmus's planned late-October ASX debut, arguing the neocloud faces two risks: the technology failing, or succeeding too dramatically.
Firmus Technologies is courting investors ahead of a possible IPO on the ASX, with reports suggesting up to $7 billion, but no prospectus is lodged and the company declined to confirm any figures.
Neocloud Firmus Technologies is pitching its planned $7 billion IPO to local fund managers, with co-chief executive Tim Rosenfield presenting in Melbourne alongside Daniel Kearney and former Xero finance head Kirsty Godfrey-Billy.
Bloomberg, citing unnamed sources, reports that Australian data center company Firmus is preparing a sharemarket float targeted for late October that could rank among the country's largest ever.
Street Talk reports Firmus Technologies, which rents Nvidia chips, is courting Asian fund managers ahead of a possible sharemarket float of up to $7 billion, with terms to follow for domestic investors.
NextDC, an Australian operator of data centres, announced a A$1.1 billion convertible note offer, following April equity and May debt raises, to bankroll local expansion.
Firmus will supply computing capacity to OpenAI from two planned Malaysian data centres, but sceptical investors say the deal is too small ahead of a potential float valuing the start-up at $15.5 billion.
Street Talk column reports AI cloud firm Firmus Technologies will soon market a planned ASX float to investors, with a debut tipped imminently, after a Malaysian win involving OpenAI.
Weekly roundup: Blackbird confirms a record fund close and Galileo reaches a first close, Genesis merges with Proudi, IREN secures massive debt, and several startups report raises, grants and program wins.
OpenAI has handed Australian founders, including two school students, credits worth over $5.5 million; the piece also notes Firmus's $15 billion valuation after a big raise and rising business AI adoption.
Weekly roundup: Constantinople raises $62.5m; Blackbird wraps fund six above $1b; Guardhouse buys Mobohubb; SCX.ai debuts on the ASX; plus seed rounds, exits and executive changes across the ecosystem.
Weekly roundup: Firmus completes its $2.85b round; Procore acquires DroneDeploy; Atlassian rebounds while Canva cuts guidance; plus fresh raises for Zabidou, BioScout, Vexev, Enrola, Spacetalk and others.
Roundup of four Australian raises: Firmus Technologies' US$2 billion round at a $15 billion valuation, Eudaemon's $3.75 million, Zabidou's $3.5 million seed round, and Rampart's $2.3 million.
Firmus has secured a further US$2bn at a $15bn valuation from Coatue, Nvidia, Blackstone and Jane Street, taking its 12-month capital intake past US$3bn to fund Australian AI data centre projects.
Also SmartCompany·SmartCompany·AFR Technology·Business News Australia·This Week in Australian Startups·Techmeme·Cut Through Venture·AFR Technology·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·iTnews·Forbes Australia·DealStreetAsia·Forbes Australia·Mirage News·SMH Business·ABC News Technology·The Age Business
Firmus Technologies received a $100 million strategic investment from Maas Group Holdings, taking total funds raised past $900 million in under five months.
OneQode, an AI startup using AMD technology, is highlighted alongside other neoclouds, with reports suggesting a valuation exceeding 250 million dollars.
Cut Through Venture's Q2 2026 report counts $1.7 billion announced across 64 venture rounds, carried by two mega-deals, with record median deal sizes, AI concentration, and deal counts at their slowest since before 2020.
The head of neo-cloud firm Sharon AI argues no copyright change is needed to attract data centre investment; the piece recalls its Nasdaq listing raise and a large new financing.
Weekly roundup: four raises totalling $20.5m, WiseTech's founder-chairman leaving his board role, Firmus nearing a large capital raise, and Aura's agreed ASX backdoor listing through Qoria.
Weekly roundup tallies five completed raises totalling $26.6m, plus Airwallex releasing a billing product, HEO approaching a Series B, Tanda hunting a private-equity backer, Firmus's ASX listing timeline slipping, and a DroneShield shareholder protest.