Exclusive: GPU Cloud Provider GMI Raises $668 Million From Nvidia and Others
Phoebe Liu (Exclusive briefing): GMI Cloud (general machine intelligence; ~5 years old; Nvidia GPU cloud for enterprises) raised $668M equity+debt. One of seven clouds building facilities entirely to Nvidia specs (full HW/SW stack) and a participant in Nvidia’s AI compute partnership—Nvidia credit support for new facilities in exchange for a cut of eventual cloud revenues. ARCHIV (new AI/robotics investment firm) led $223M equity (Nvidia also participated); Taiwanese bank CTBC led $445M credit facility. No valuation disclosed; >$600M annualized revenue under contract. Funds to expand U.S. and Asia capacity. CEO Alex Yeh: Chinese customers ~30% of revenue now → ~10% next year; family ties to Taiwanese semiconductor industry. Large U.S. customers include OpenRouter, Fireworks AI, Higgsfield. Processing 1T AI inference tokens/day (20× vs six months ago).
Why it matters
Neocloud profile with durable structure beyond a round headline: Nvidia-spec full-stack + revenue-share credit partnership, ARCHIV/CTBC capital stack, >$600M contracted ARR, China→US mix shift, and named inference customers (OpenRouter/Fireworks/Higgsfield)—feeds Dealroom GPU-cloud/Nvidia ecosystem maps.
