NVIDIA has invested in Firmus Technologies, supporting the company's efforts to build renewable-powered AI data centers in Australia while positioning itself strategically within the growing AI infrastructure market.

Information on the Target

Firmus Technologies is an infrastructure company specializing in AI and renewable-powered energy solutions. Recently, it completed a capital raise of $330 million, establishing itself as Australia's newest unicorn with a valuation of approximately $1.9 billion. The funds raised will support Firmus’s flagship Project Southgate, which aims to build four advanced AI data centers, colloquially referred to as 'AI factories,' across Australia.

The company employs innovative liquid-based cooling technology designed to optimize energy and water usage, significantly outperforming traditional cooling systems. Such innovations are increasingly vital as the demand for AI computing power grows, particularly in response to the escalating need for sustainable and efficient data processing.

Industry Overview in Australia

The artificial intelligence (AI) sector in Australia is witnessing a substantial surge in venture capital investment, reflecting a global trend where AI has become a key funding priority for investors. The last 12 to 18 months have marked a definitive shift, with A