Nvidia Partner SMC Raising $950 Million to Tap AI Server Boom
- Sustainable Metal Cloud offers data center capacity to clients
- Users get access to Nvidia AI chips, advanced cooling method
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Singapore data center upstart Sustainable Metal Cloud is raising about $950 million in fresh funds, seeking to tap the global artificial intelligence boom to spur its growth.
The company, an affiliate of Australia’s Firmus Technologies, is finalizing an initial equity round of about $400 million, people familiar with the matter said. The six-year-old firm is also in the process of raising $550 million in debt, the people said, asking not to be identified as the plans are private.