--- title: Nvidia-backed GMI Cloud raises $668m as contracted... description: GMI Cloud, a Mountain View startup that rents Nvidia GPU servers, raised $668m in new financing, split between $223m in Series B equity and a $445m credit... canonical: https://daily.dev/posts/nvidia-backed-gmi-cloud-raises-668m-as-contracted-revenue-tops-600m-fpn9x7hae twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Nvidia-backed GMI Cloud raises $668m as contracted revenue tops $600m | daily.dev og:description: GMI Cloud, a Mountain View startup that rents Nvidia GPU servers, raised $668m in new financing, split between $223m in Series B equity and a $445m credit... og:url: https://daily.dev/posts/nvidia-backed-gmi-cloud-raises-668m-as-contracted-revenue-tops-600m-fpn9x7hae og:image: https://api.daily.dev/og/posts/fPN9X7hAe.png og:image:alt: Nvidia-backed GMI Cloud raises $668m as contracted revenue tops $600m og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Nvidia-backed GMI Cloud raises $668m as contracted revenue tops $600m **[The Next Web](https://daily.dev/sources/tnw)** · 2 min read · 1 upvotes · 0 comments ## Summary GMI Cloud, a Mountain View startup that rents Nvidia GPU servers, raised $668m in new financing, split between $223m in Series B equity and a $445m credit facility led by Taiwanese bank CTBC. ARCHIV led the equity round, with Nvidia and Asia-Pacific investors including Trend Micro, KB Investment, Kyobo Life and KT Corporation participating. Contracted annual recurring revenue now tops $600m, over nine times its end-of-2025 level, with live production revenue up more than 4.5x. The company's inference platform processes about 4 trillion tokens weekly, serving customers like Fireworks, Higgsfield, Nous Research, OpenRouter and Cartesia. Funds will expand GPU capacity in the US, Taiwan and Asia-Pacific. GMI Cloud is one of only seven cloud providers that build facilities entirely to Nvidia's specifications. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much funding did GMI Cloud raise and what is it for GMI Cloud raised $668m, composed of $223m in Series B equity and a $445m credit facility led by Taiwanese bank CTBC. ARCHIV led the equity round, with Nvidia and Asia-Pacific investors such as Trend Micro, KB Investment, Kyobo Life and KT Corporation also participating. The money will expand GPU capacity in the US, Taiwan and the rest of Asia-Pacific. _Investors comparing AI infrastructure funding rounds follow deals like this on daily.dev._ ### What is GMI Cloud's contracted annual recurring revenue GMI Cloud's contracted annual recurring revenue tops $600m, more than nine times its level at the end of 2025. Revenue already live in production has grown more than 4.5 times over the same period. Its inference platform processes about 4 trillion tokens a week for customers including Fireworks, Higgsfield, Nous Research, OpenRouter and Cartesia. _Developers evaluating GPU cloud providers for inference workloads track growth signals like this on daily.dev._ ### How many cloud providers build their infrastructure entirely to Nvidia's specifications Only seven cloud providers build their facilities entirely on Nvidia's recommendations, according to reporting from The Information, and GMI Cloud is one of them. This tight alignment with Nvidia's architecture guidance is cited as a reason Nvidia continues backing smaller cloud providers like GMI Cloud alongside larger players. _Teams choosing an Nvidia-aligned GPU cloud provider weigh details like this on daily.dev._ ## Similar posts on daily.dev - [Nvidia offers AI startups compute now, payment later](https://daily.dev/posts/nvidia-offers-ai-startups-compute-now-payment-later-lfhy4dhwu) · The Next Web · 0 upvotes · 0 comments - [IBM prefers to rent GPUs from cloudy rivals](https://daily.dev/posts/ibm-prefers-to-rent-gpus-from-cloudy-rivals-ilem4orxl) · The Register · 1 upvotes · 0 comments - [Premium: Mythbusters - AI Edition](https://daily.dev/posts/premium-mythbusters---ai-edition-qj9omcaj5) · Where's Your Ed At · 3 upvotes · 0 comments - [Groq raises $350M to fuel its pivot from AI chips to neocloud](https://daily.dev/posts/groq-raises-350m-to-fuel-its-pivot-from-ai-chips-to-neocloud-ptzqkyyui) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#nvidia](https://daily.dev/tags/nvidia), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure) [View this post on daily.dev](https://daily.dev/posts/nvidia-backed-gmi-cloud-raises-668m-as-contracted-revenue-tops-600m-fpn9x7hae) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Nvidia-backed GMI Cloud raises $668m as contracted revenue tops $600m","url":"https://daily.dev/posts/nvidia-backed-gmi-cloud-raises-668m-as-contracted-revenue-tops-600m-fpn9x7hae","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/nvidia-backed-gmi-cloud-raises-668m-as-contracted-revenue-tops-600m-fpn9x7hae"},"datePublished":"2026-10-01T14:09:14.130Z","dateModified":"2026-10-01T14:09:36.869Z","description":"GMI Cloud, a Mountain View startup that rents Nvidia GPU servers, raised $668m in new financing, split between $223m in Series B equity and a $445m credit...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/de820b39987a9b09013c52fa75496276?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/de820b39987a9b09013c52fa75496276?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/nvidia-backed-gmi-cloud-raises-668m-as-contracted-revenue-tops-600m-fpn9x7hae","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":1},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"nvidia,ai-infrastructure","timeRequired":"PT2M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Nvidia-backed GMI Cloud raises $668m as contracted revenue tops $600m"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/nvidia-backed-gmi-cloud-raises-668m-as-contracted-revenue-tops-600m-fpn9x7hae#faq","mainEntity":[{"@type":"Question","name":"How much funding did GMI Cloud raise and what is it for","acceptedAnswer":{"@type":"Answer","text":"GMI Cloud raised $668m, composed of $223m in Series B equity and a $445m credit facility led by Taiwanese bank CTBC. 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