Australia's Firmus Technologies strikes AI access deal with Nvidia

Published 29 Jun, 2026 10:00am 2 min read
-- Reuters
-- Reuters

Australian AI infrastructure company Firmus Technologies said on Monday it had ​signed a strategic partnership with Nvidia Corp to help provide emerging ‌AI firms with more cost-effective access to computing power.

Firmus said the deal would see it buy Nvidia infrastructure and sell Nvidia‑powered cloud services to “AI Native” customers, among ​others, in an agreement that would earn the US-listed chip giant product ​revenue and a share of cloud revenue.

The deal will ⁠deliver 170,000 Graphics Processing Units (GPU) from the first quarter of 2027 ​to the start of 2028, that will be located in Batam, Indonesia.

Firmus ​said it expected to earn up to $30 billion in revenue during the first six years of the deal, based on customer commitments.

The Australian-founded company said the deal ​would make it easier for smaller and developing AI firms to ​access the technology’s infrastructure.

“We have worked to figure out how to close the gap ‌between ⁠the cost benefits that the large guys have access to, which they do because they have great credit ratings, and the guys that are up-and-comers,” Firmus co-chief executive Tim Rosenfield told Reuters.

“This is ​actually a really ​material way to ⁠level the playing field a little bit to give the next a chance to compete with the ​big guys.”

NVIDIA has participated in Firmus’ previous capital raisings ​, making it ⁠an investor in the Australian firm, according to Firmus.

Firmus said in April it had raised $1.35 billion over the previous six months, giving it a $5.5 billion post-money ⁠valuation.

​It has appointed investment banks to work ​on a potential initial public offering, according to people familiar with the matter.

Rosenfield declined to ​comment on Firmus’ IPO preparations.

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