Phil King

Topic | Managed funds | Australian Financial Review

An AFR managed-funds topic page: a star small-caps deputy goes solo with a new Sydney firm, Gigacomm buys rival DGtek, Google plans a multibillion-dollar domestic bond, plus fund manager and market stories.

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.

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.

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.

Also SmartCompany

Roxy Jacenko's husband now has a unicorn data centre startup after Nvidia backs its $330 million raise

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.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·SmartCompany

Thinxtra secures A$5M for regional expansion, partner push

Also SmartCompany