GPU cloud provider GMI Cloud raises $668M with Nvidia participation
On October 2 GMI Cloud announced $668 million in funding, comprising a $223 million Series B equity round and $445 million in credit financing, with Nvidia participating; the inference platform processes about 4 trillion tokens per week for customers including Fireworks, Nous Research, OpenRouter, and Trend Micro.
GPU cloud provider GMI Cloud announced $668 million in funding on October 2, comprising a $223 million Series B equity round and $445 million in credit financing. The Series B was led by ARCHIV, with Nvidia, KB Investment, and DSC Investment participating. The company operates an AI-native cloud platform spanning training and inference; its inference platform processes about 4 trillion tokens per week for customers including Fireworks, Nous Research, OpenRouter, and Trend Micro.
Nvidia's direct participation is the strategic tell. Nvidia is not only selling hardware but investing in the AI clouds that deploy it, betting that independent GPU clouds form a durable middle layer between chip makers and the AI application boom; GMI Cloud's role is exactly to be that layer for other AI companies. The funding pits specialist GPU clouds against hyperscalers, and Nvidia's stake implies the chipmaker sees independent AI clouds as strategically worth backing alongside hyperscalers.
GMI Cloud is headquartered in California and offers unified GPU compute across the US and Asia-Pacific. With the financing, the company plans to expand capacity across both regions for training and inference workloads. The round sits inside a broader October 2 AI infrastructure cluster that also included Satlyt for satellite-edge AI compute and others.