Startups2 min read
Firmus, the Nvidia-Backed 'Southgate' AI Data Center Builder, Hits $5.5 Billion Valuation
Nvidia-backed Firmus — the Asia-focused AI data center developer operating under the codename 'Southgate' — has reached a $5.5 billion valuation after raising $1.35 billion in the past six months. The funding trajectory illustrates the sustained capital intensity of AI infrastructure buildout in markets outside North America, where data center capacity remains one of the primary bottlenecks on AI adoption.