{"city":null,"name":"Firmus","slug":"firmus","facts":[{"date":"2026-09-14","type":"funding_round","value":"2000000000","source":"Data Center Dynamics"},{"date":"2026-09-14","type":"partnership","value":"Agreement with OpenAI to expand contracted data-center capacity beyond 900 MW","source":"Data Center Dynamics"},{"date":"2026-09-14","type":"funding_round","value":"5000000000","source":"Data Center Dynamics"},{"date":"2026-09-14","type":"revenue_band","value":"<100m","source":"Data Center Dynamics"},{"date":"2026-09-14","type":"ownership_change","value":"Agreed to acquire Benmax’s Fabrication, Design, and Projects business","source":"Data Center Dynamics"},{"date":"2026-09-14","type":"funding_round","value":"Raised $2 billion at a post-money valuation above $10.5 billion","source":"Data Center Dynamics"}],"peers":[],"stage":null,"state":null,"aliases":["Firmus Technologies","Project Southgate","Southgate"],"country":"Australia","domains":[{"why":"Firmus operates AI compute infrastructure and supplies contracted GPU compute capacity, including from Malaysia and a GB300 deployment at Southgate Melbourne.","list":null,"rank":null,"tier":"watchlist","layer":null,"total":81,"domain":"AI Core","scores":{"leverage":10,"position":6,"progress":10,"firepower":10,"commercial":4,"deployment":10,"production":8,"technology":6},"edition":null,"segment":null}],"founded":null,"signals":[{"date":"2026-10-30","header":"ASIC is probing brokers over Firmus’s failed $44 billion ASX float.","outlet":"Startup Daily"},{"date":"2026-10-21","header":"Firmus and Nscale encountered obstacles in their IPO processes.","outlet":"Caixin"},{"date":"2026-10-20","header":"Firmus $44 billion IPO collapsed after existing investors avoided lock-ups","outlet":"Startup Daily"},{"date":"2026-10-13","header":"Firmus’s ASX listing collapsed in an AI-related mega-float failure.","outlet":"Startup Daily"},{"date":"2026-10-13","header":"Firmus’s ASX listing has been terminated.","outlet":"Startup Daily"},{"date":"2026-10-10","header":"Firmus explores a $3 billion private funding round after withdrawing its IPO plans.","outlet":"Tech in Asia"}],"website":"firmus.co","category":"AI Infra · Compute demand & operators","categories":[{"name":"Neoclouds & GPU clouds","domain":"AI Core","parent":"AI Infra · Compute demand & operators"}],"last_round":null,"updated_at":"2026-10-30T10:01:09.858+00:00","facts_total":35,"positioning":"Nvidia-backed Australian AI-factory builder and operator (Project Southgate with CDC Data Centres, up to 1.6 GW by 2028) with a $10B Blackstone debt facility, $1.35B of equity in six months at $5.5B, a Tasmanian hydro-powered campus of about 36,800 GB300s, and an ASX IPO in preparation.","sub_category":"Neoclouds & GPU clouds","signals_total":31,"url":"https://www.frontiertechintelligence.com/companies/firmus","title":"Firmus · ai core, Australia · scores, facts and signals · Frontier Tech Intelligence","description":"Firmus operates AI compute infrastructure and supplies contracted GPU compute capacity, including from Malaysia and a GB300 deployment at Southgate Melbourne. AI Core watchlist (score 81) 31 signals and 35 facts with sources.","publisher":"Frontier Tech Intelligence (Future Frontiers, a trade name of Essential Cognition Inc.)","note":"Assessment by Frontier Tech Intelligence; facts and signals carry their sources."}