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- GMI Cloud
GMI Cloud Funding, Investors & Competitors
GMI Cloud has raised $238M across 2 funding rounds, most recently a $223M Series B in September 2026.
Last GMI Cloud funding round
$223M
Series B · Sep 2026
Cumulative funding GMI Cloud raised
$238M
across 2 funding rounds
Key investors in GMI Cloud
Headline
KB Investment
NVIDIA
DSC Investment
Wistron
Banpu NEXT
Kyobo Life Insurance
Trend Micro
About GMI Cloud
GMI Cloud is a Singapore-based provider of cloud GPU infrastructure featuring NVIDIA H100 and A100 instances for AI workloads including generative models and machine learning training. Launched in 2023, its platform offers on-demand scalable clusters, Kubernetes orchestration via a custom engine, and pre-built environments for frameworks like TensorFlow and PyTorch. Targeted at AI developers, it supports applications from natural language processing to computer vision with global data centers in Asia and Europe.
Founded
2023
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based, Subscription
GMI Cloud Funding History
GMI Cloud has raised a total of $238M across 2 funding rounds.
GMI Cloud's first fundraising round was a $15M Series A in October 2024. The most recent completed round was a $223M Series B in September 2026.
GMI Cloud funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2026 | Series B | NVIDIA; KB Investment; KT Engineering Corporation; DSC Investment; Redwood Partners; Kyobo Life Insurance; Trend Micro | $223M | GMI Cloud closed a $223 million Series B equity round in September 2026, led by ARCHIV and joined by NVIDIA, DSC Investment, Trend Micro, KB Investment, Kyobo Life Insurance, and KT Corporation/KT Engineering in the financing round. The equity raise was part of a broader $668 million financing package that also included a $445 million credit facility led by CTBC, with the Series B capital designated to expand GPU capacity across the United States, Taiwan, and the wider APAC region and to scale the company’s inference platform and hiring. |
| Oct 2024 | Series A | Headline (lead); Wistron; Banpu NEXT | $15M | GMI Cloud, a Silicon Valley-based AI-native GPU cloud provider founded in 2022, raised $82 million in a Series A round on October 29, 2024, consisting of $15 million in equity and $67 million in debt financing. The round was led by Headline Asia, with participation from Banpu NEXT and Wistron Corporation. The company originally focused on Bitcoin mining data centers before pivoting to AI cloud infrastructure powered by Nvidia H100 and H200 GPUs, along with its proprietary Cluster Engine for resource management. GMI Cloud operates data centers in Thailand, Taiwan, and Malaysia, and plans to launch a new facility in Colorado to expand capacity in North America. Strategic partnerships include Banpu providing power and Wistron co-developing products, enhancing supply chain advantages as the only Nvidia-certified cloud provider in Taiwan under the NCP/NPN program. The funding supports global scalability for AI workloads in sectors like healthcare, research, and telecom, with plans to grow its workforce to 60-70 employees. The company positions itself against other crypto-to-AI cloud providers like CoreWeave and Crusoe Energy, emphasizing rapid deployment, security, and professional AI consulting services backed by over 20 years of team experience and 33 AI patents. |
Who has invested in GMI Cloud?
10 investors have backed GMI Cloud across its funding rounds, including Headline, KB Investment, NVIDIA, DSC Investment, Wistron and Banpu NEXT.
Lead investors include Headline.
GMI Cloud Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Oct 2024 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Participant | Sep 2026 | ||
This data is available for Pro users. Sign up to see all 10 GMI Cloud investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialGMI Cloud Competitors
GMI Cloud competitors include listed companies like Nebius Group, CoreWeave, Alphabet and Dell, and private ones like Inspur Cloud and Nscale.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Publicly listed | $530M | $512M | $35B | 12.7x | ||
| Publicly listed | $5.1B | $2.5B | $26B | 6.1x | ||
| Private | - | - | $15B | - | ||
| Publicly listed | $403B | $176B | $3.5T | 7.0x | ||
| Publicly listed | $114B | $12B | $209B | 1.3x |
GMI Cloud Public Comps
GMI Cloud is still privately-owned, but its public comps include NVIDIA, Microsoft, Alphabet, Amazon, TSMC, Broadcom, Micron, AMD, SK hynix and ASML.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $216B | $142B | 20.8x | 12.3x | 31.5x | 18.6x | |||
| $332B | $205B | 11.9x | 11.1x | 19.2x | 18.2x | |||
| $403B | $176B | 8.4x | 7.0x | 19.2x | 15.3x | |||
| $717B | $161B | 4.1x | 3.6x | 18.4x | 14.1x | |||
| $116B | $80B | 13.8x | 9.7x | 19.9x | 13.3x | |||
| $64B | $34B | 22.5x | 13.4x | 41.8x | 19.7x | |||
| $133B | $108B | 5.6x | 4.6x | 6.9x | 5.5x | |||
| $35B | $7.1B | 21.1x | 14.7x | 103.3x | 55.0x | |||
This data is available for Pro users. Sign up to see all GMI Cloud competitors and their valuation data. Start Free Trial | ||||||||
Common questions about GMI Cloud
| When was GMI Cloud founded? | GMI Cloud was founded in 2023. |
| Where is GMI Cloud headquartered? | GMI Cloud is headquartered in San Jose, CA, United States. |
| Is GMI Cloud publicly listed? | No, GMI Cloud is a private, VC-backed company. |
| How much funding has GMI Cloud raised? | GMI Cloud has raised $238M across 2 funding rounds. |
| What was GMI Cloud's last funding round? | GMI Cloud's last funding round was a $223M Series B in September 2026. |
| Who are GMI Cloud's investors? | GMI Cloud's investors include NVIDIA, Wistron, KB Investment, KT Engineering Corporation, DSC Investment, Redwood Partners, Kyobo Life Insurance, Trend Micro, Banpu NEXT and Headline. |
| Which companies are comparable to GMI Cloud? | Companies comparable to GMI Cloud include Inspur Cloud, Nebius Group, CoreWeave, Nscale, Alphabet and Dell. |
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