Firmus valuation approaches $7b in fresh Nvidia investment

Artificial intelligence infrastructure start-up Firmus is expected to be valued at nearly $7 billion after the world’s biggest company Nvidia doubled its investment in what’s slated to be its final capital raising as a private company.

Firmus was scrambling to finalise the third and final tranche of its whopper $1 billion-plus pre-IPO raising on Monday night, according to those close to the company who were not authorised to speak publicly. It includes a share sale to Nvidia and other strategic investors, and comes hours before its management make their maiden pitch to potential IPO investors in Asia on Tuesday.

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