Nvidia-backed GMI Cloud raises $668m as contracted revenue tops $600m
GMI Cloud, a Mountain View company that rents out Nvidia GPU servers, has raised $668m in new financing, the company said on Wednesday. That is $223m of Series B equity and a $445m credit facility. The Taiwanese bank CTBC led the credit facility.
ARCHIV, a new San Francisco firm that invests in AI and robotics, led the equity round, according to the press release. Nvidia took part, alongside investors from Asia-Pacific including DSC Investment, Trend Micro, KB Investment, Kyobo Life and KT Corporation.
“AI is driving a new renaissance, and reliable compute is its foundation,” said Alex Yeh, GMI Cloud’s founder and chief executive.
GMI Cloud’s contracted annual recurring revenue tops $600m, the company said. That is more than nine times its level at the end of 2025. The revenue already live in production has grown more than 4.5 times over the same period.
Its inference platform processes about...
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