Firmus Technologies is described as a neocloud that is preparing for an initial public offering and ASX listing later this year. The company’s latest financing effort values its equity at about US$15.5 billion pre-IPO. As part of that process it is issuing preference shares that will convert into ordinary equity at the IPO. Nvidia has committed roughly US$500 million to the preference-share placement. The fundraising is being conducted as a large pre-IPO equity raise of US$2.0 billion (A$2.9 billion). The articles do not provide details on revenue, users or prior funding rounds.

Total raised

$13.3B

Funding rounds

7

Latest round

Equity

Latest activity

Aug 2026