Firmus Technologies Value Increases After Fundraising Round

Good morning, it’s Angus in Sydney. Firmus Technologies has been valued at $5.5 billion in its latest fundraising round, providing a floor for one of Australia’s most keenly anticipated potential IPOs. The Australian government is intensifying efforts to ease fuel supply concerns as President Trump escalates threats against Iran. And the Artemis II astronauts have made history — and taken some fabulous photographs. — Angus Whitley, Global Business reporter

Firmus Technologies, the data center builder expected to list in Sydney this year, raised $505 million in an investment round led by Coatue Management LLC, part of a global push to finance artificial intelligence infrastructure. The deal values the startup at $5.5 billion, Firmus said. Nvidia, the top maker of AI accelerator chips, participated in the round.