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

GMI Cloud Overview

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

United StatesSan Jose, CA

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

GMI Cloud funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2026Series BNVIDIA; KB Investment; KT Engineering Corporation; DSC Investment; Redwood Partners; Kyobo Life Insurance; Trend Micro$223MGMI 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 2024Series AHeadline (lead); Wistron; Banpu NEXT$15MGMI 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

Investors in GMI Cloud by funding rounds participated
InvestorHQRoundsRoleFirst check
NVIDIAUnited StatesSanta Clara, CA1ParticipantSep 2026
WistronTaiwanTaipei1ParticipantOct 2024
KB InvestmentSouth KoreaSeoul1ParticipantSep 2026
KT Engineering CorporationUnited StatesWaterbury, CT1ParticipantSep 2026
DSC InvestmentSouth KoreaSeoul1ParticipantSep 2026
Redwood PartnersUnited StatesNew York City, NY1ParticipantSep 2026
Kyobo Life InsuranceSouth KoreaSeoul1ParticipantSep 2026
Trend MicroJapanTokyo1ParticipantSep 2026

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GMI Cloud Competitors

GMI Cloud competitors include listed companies like Nebius Group, CoreWeave, Alphabet and Dell, and private ones like Inspur Cloud and Nscale.

Public and private companies comparable to GMI Cloud
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Inspur CloudChinaJinanPrivate--$1B-
Nebius GroupUnited StatesUnited StatesPublicly listed$530M$512M$35B12.7x
CoreWeaveUnited StatesUnited StatesPublicly listed$5.1B$2.5B$26B6.1x
NscaleUnited KingdomLondonPrivate--$15B-
AlphabetUnited StatesUnited StatesPublicly listed$403B$176B$3.5T7.0x
DellUnited StatesUnited StatesPublicly listed$114B$12B$209B1.3x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
NVIDIA$216B$142B20.8x12.3x31.5x18.6x
Microsoft$332B$205B11.9x11.1x19.2x18.2x
Alphabet$403B$176B8.4x7.0x19.2x15.3x
Amazon$717B$161B4.1x3.6x18.4x14.1x
TSMC$116B$80B13.8x9.7x19.9x13.3x
Broadcom$64B$34B22.5x13.4x41.8x19.7x
Micron$133B$108B5.6x4.6x6.9x5.5x
AMD$35B$7.1B21.1x14.7x103.3x55.0x

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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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