The Next Web1 Oct 2026Cristian Dina

Nvidia-backed GMI Cloud raises $668m as contracted revenue tops $600m

GMI Cloud, a Mountain View company that rents out Nvidia GPU servers, has raised $668m in new financing, the company said on Wednesday. That is $223m of Series B equity and a $445m credit facility. The Taiwanese bank CTBC led the credit facility.

ARCHIV, a new San Francisco firm that invests in AI and robotics, led the equity round, according to the press release.

Nvidia took part, alongside investors from Asia-Pacific including DSC Investment, Trend Micro, KB Investment, Kyobo Life and KT Corporation.

“AI is driving a new renaissance, and reliable compute is its foundation,” said Alex Yeh, GMI Cloud’s founder and chief executive.

GMI Cloud’s contracted annual recurring revenue tops $600m, the company said. That is more than nine times its level at the end of 2025.

Read the full story at The Next Web

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