Co-CEO, Firmus Technologies
Stories naming Tim Rosenfield. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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.
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.
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.
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.
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.
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.
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Firmus Technologies received a $100 million strategic investment from Maas Group Holdings, taking total funds raised past $900 million in under five months.
Firmus, an AI data centre builder, has received a further $100 million from Maas Group, lifting its five-month total past $900 million; Maas also sold its construction-materials arm for $1.7 billion.
Funding roundup covering five raises totalling $340.2 million: Firmus's Nvidia-backed round, plus H3D, Puralink, Escape This and Isaacus, across AI infrastructure, health tech, robotics, entertainment and legal AI.
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Australian-founded data centre firm Firmus, based in Singapore, has raised $330 million with Nvidia backing and Ellerston Capital leading, reaching a $1.85 billion valuation and unicorn status ahead of a planned 2026 ASX listing.
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