Firmus Technologies

🇦🇺 This Week in Australian Startups #180, 4th October 2026

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.

From prison to billionaire data centre operator, the incredible story of Oliver Curtis

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.

🇦🇺 This Week in Australian Startups #179, 26th September 2026

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 Dynamic Business·DealStreetAsia·This Week in Australian Startups·Dealroom·ABC News Technology

Morgan Stanley says Firmus could be worth as much as $128b

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.

Firmus needs hundreds of billions of dollars for ambitious expansion

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.

AI's Apocalypse Now fear is just one threat to the Firmus fairytale

Column previewing Firmus's planned late-October ASX debut, arguing the neocloud faces two risks: the technology failing, or succeeding too dramatically.

AI data centre provider could become one of Australia's biggest stock floats

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.

Firmus books in Australian fundie meetings, without Oliver Curtis

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.

Sources: Australian data center provider Firmus is seeking to raise up to $5B in an IPO at the end of October, in one of the largest-ever IPOs in Australia

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.

Firmus seeks $7b in IPO discussions as it meets Asian fundies

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 raises $790M in convertible notes, its third capital raise in four months

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 lands OpenAI deal for Malaysian data centres

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.

AI hotshot Firmus tees up IPO meetings after OpenAI win in Malaysia

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.

🇦🇺 This Week in Australian Startups #176, 30th August 2026

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 equips Aussie SMEs with $5.5 million in startup credits for AI use

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.

🇦🇺 This Week in Australian Startups #175, 23rd August 2026

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.

🇦🇺 This Week in Australian Startups #173, 9th August 2026

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.

Also Dealroom·RenewEconomy·RenewEconomy

Sydney-based AI data center company Firmus raised $2B in funding from Coatue, Nvidia, and others at a $10.5B post-money valuation, up from $5.5B in April

Firmus, a Sydney company building AI data centres, has raised $2 billion from backers including Coatue and Nvidia, lifting its post-money valuation to $10.5 billion from $5.5 billion in April.

Four Aussie startups that raised $2.86 billion this week (sort of)

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.

Also This Week in Australian Startups

AI data centre startup Firmus just raised another $2.85 billion at a whopping $15B valuation

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·AFR Technology·SmartCompany·Startup Daily·Forbes Australia

AI data centre startup Firmus Technologies banks another $100 million

Firmus Technologies received a $100 million strategic investment from Maas Group Holdings, taking total funds raised past $900 million in under five months.

AMD neocloud OneQode rattles the tin with $250m-plus valuation

OneQode, an AI startup using AMD technology, is highlighted alongside other neoclouds, with reports suggesting a valuation exceeding 250 million dollars.

AI made founding a startup easier than ever – but VC data shows funding is getting harder

Cut Through Venture's Q2 2026 report shows early-stage deal numbers at historic lows, though quarterly capital reached $1.7 billion, driven by two large rounds by Firmus and Airwallex.

Also Startup Daily·Business News Australia·Cut Through Venture

Cut Through Quarterly 2Q 2026

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.

Also SmartCompany·SmartCompany

Australia doesn’t need copyright change to win data centre billions, AI boss says

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.

Also AFR Technology·Forbes Australia·Dealroom

🇦🇺 This Week in Australian Startups #169, 12th July 2026

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.

🇦🇺 This Week in Australian Startups #163, 31st May 2026

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.

💫 Ramplify: April Architect

Rampersand's April newsletter: an essay on AI services startups, model releases from Anthropic and Meta, Firmus Technologies' $505 million raise, Dexibit's sale to accesso, plus portfolio jobs, events and market commentary.

Also Dealroom

AI data centre startup Firmus eyes off another $725 million raise as it readies to IPO on the ASX

Sydney-founded AI data centre company Firmus, now Singapore-based, says Coatue and Nvidia are set to back its next US$505 million raise before a planned ASX listing, after earlier raises including Nvidia's A$330 million.

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Australia's Firmus raises $505M from Coatue and Nvidia at $5.5B valuation ahead of $2B IPO

Firmus, an Australian builder of AI data centres, has banked $505 million from Coatue and Nvidia at a $5.5 billion valuation, with a $10 billion debt facility already secured and a sharemarket float planned.

Also Startup Daily

Firmus Welcomes Lee Hatton, Christine Bartlett and Julie Shuttleworth to the Board

Firmus announces three new non-executive directors joining its grid board from March 2026, each bringing finance, governance or resources and energy delivery experience.

Capital returns but discipline and liquidity remain key

A retrospective on 2025 Australian venture activity: large raises at Firmus, Heidi Health, Airwallex and others, deep tech momentum, and Folklore's own backing of Hullbot and Sphere.

Also Square Peg Capital·Australian FinTech·Cut Through Venture·SmartCompany·Startup Daily·Startup Daily·Startup Daily·RenewEconomy·RenewEconomy·Fintech News Australia

AI data centre startup Firmus Technologies banks another $100 million

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.

NVIDIA-backed Firmus raises $327M to build Australia's biggest green AI data centers

Green data centre builder Firmus has banked $327m to expand AI facilities across Australia, lifting its value to roughly $600m; unnamed existing backers reinvested while Nvidia's earlier backing continues.

Cheque-in: 8 startups gobbled up $572.12 million in funding this week

Weekly roundup of eight raises totalling $572.12 million, led by Firmus's $500 million round; RAGE Biotech, SunDrive, Number 8 Bio, Fabra, Keeyu, MyGig and Drone-Hand also funded, plus two RAGE Biotech executive appointments.

Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Business News Australia

AI AI investors: Data centres and artificial intelligence startups fire up Australian VC backing

A quarterly report on the Australian venture market finds Q3 2025 investment passed a billion dollars, led by a Singapore data centre company's raise, with AI drawing premium valuations and bubble warnings.

Also Startup Daily·Startup Daily

Cut Through Quarterly 3Q 2025

Cut Through Venture's quarterly report counts roughly $1 billion over 116 Australian venture rounds in 3Q 2025; deep-tech sectors dominated, Firmus Technologies' $330M raise was largest, and early-stage valuations climbed.

Firmus appoints new CFO & chair after USD $330 million raise

Firmus Technologies names Kirsty Godfrey-Billy CFO and Grant Dempsey incoming chair after a recent US$330m equity raise, and advances its Tasmanian AI campus project with the state government.

Firmus Technologies grows leadership team by two

Firmus Technologies has brought in a new chief financial officer and incoming board chair after a $330m equity raise, as it prepares a renewable-powered Tasmanian AI campus with state government backing.

Also digitrendz.blog·Cut Through Venture·SmartCompany·Startup Daily

Cheque-in: 5 Australian startups banked $340.2 million this week

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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