Taiwanese neocloud GMI Cloud has raised $668 million through a $223 million Series B equity round led by ARCHIV and a $445 million credit facility led by CTBC. Participants include Nvidia, Trend Micro, KT Corporation, Kyobo Life, KB Investment, and DSC Investment. GMI, founded in 2023, will use the funds to expand capacity in the US, Taiwan, and the wider APAC region, and to develop its inference services. The company previously announced a $500 million data center in Taoyuan, Taiwan, targeting roughly 7,000 Nvidia GB300 GPUs and 16MW of power capacity housed within a Vantage Data Centers facility.
The raise, coming shortly after GMI was reportedly seeking up to $635 million in customer-contract-backed loans, signals strong investor appetite for neocloud infrastructure serving AI workloads across multiple markets. With a $12 billion sovereign AI infrastructure initiative already underway in Japan and expansions across five countries, GMI's rapid growth trajectory is adding meaningful competition in the GPU cloud market alongside established hyperscalers.
A $668 million funding raise for GMI Cloud is a significant capital market event in the AI and data center infrastructure space, indicating continued strong investor appetite for GPU cloud and compute capacity.