United States · Business news · AI & Tech · 30 Sept 2026
AI: Funding and deals · Cloud and data centres · Nvidia — more AI news
GMI Cloud, a Mountain View-based GPU cloud provider, raised a $223 million Series B led by ARCHIV with Nvidia, KT Corporation, Trend Micro and others taking part, plus a $445 million credit facility led by CTBC. It plans to add GPU capacity in the US, Taiwan and other Asia-Pacific markets.
Two-thirds of the $668 million is debt, the usual structure for GPU clouds: lenders finance the chips against customer contracts. GMI says contracted annual recurring revenue has passed $600 million, more than nine times its level at the end of 2025. Most of the money goes to buy GPUs, so Nvidia is both an investor and the main supplier that is paid. For listed cloud and GPU-rental companies it is another funded competitor for inference workloads.
Reported by Pulse 2.0 — “GMI Cloud Raises $668 Million To Expand Global AI Infrastructure” ↗ on 30 Sept 2026.
Official series on 30 Sept 2026 or the last day before it, and the latest observation.
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