---
title: "NVIDIA partner SMC is reportedly raising $950 million, leveraging the AI server boom to stimulate business development"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/209820219.md"
description: "Singapore data center newcomer Sustainable Metal Cloud is reportedly raising approximately USD 950 million in funding, seeking to leverage the global artificial intelligence boom to stimulate company development. Insiders say that this Australian Firmus Technologies subsidiary is finalizing a round of about USD 400 million in equity financing, in addition to a USD 550 million debt financing. SMC is also a partner of NVIDIA"
datetime: "2024-07-25T11:34:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/209820219.md)
  - [en](https://longbridge.com/en/news/209820219.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/209820219.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/209820219.md) | [繁體中文](https://longbridge.com/zh-HK/news/209820219.md)


# NVIDIA partner SMC is reportedly raising $950 million, leveraging the AI server boom to stimulate business development

Singapore data center newcomer Sustainable Metal Cloud is reportedly raising about $950 million in funding, seeking to leverage the global artificial intelligence boom to stimulate company development. Insiders say that this Australian Firmus Technologies subsidiary is finalizing a round of approximately $400 million in equity financing, in addition to undergoing $550 million in debt financing. SMC is also a partner of NVIDIA

### Related Stocks

- [SMC Corporation (SMECF.US)](https://longbridge.com/en/quote/SMECF.US.md)
- [SMC Corporation (SMCAY.US)](https://longbridge.com/en/quote/SMCAY.US.md)

## Related News & Research

- [Bargain Alert: I Just Doubled My Position in a Monthly Dividend Stock Yielding 16%](https://longbridge.com/en/news/281371887.md)
- [Powell speaks at Harvard in rare appearance](https://longbridge.com/en/news/281046161.md)
- [Looming energy crisis could echo oil shock of 1970s, ex-Bank of England deputy warns](https://longbridge.com/en/news/281028929.md)
- [BlackRock Grows Australia Wealth Fund Mandate 74% in Two Years](https://longbridge.com/en/news/281292328.md)
- [IGIB Offers Higher Yield and Broader Bond Exposure Than VGIT](https://longbridge.com/en/news/281030140.md)