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Sustainable Metal Cloud (SMC) to raise $950M for AI data centre expansion

PRIVATEJul 26, 2024

Amount Raised

$950 Million

Round Type

Funding Round

SingaporeEnergySoftwareArtificial Intelligence

Description

Sustainable Metal Cloud (SMC), an affiliate of Australian company Firmus Technologies, is finalizing a preliminary equity round of about $400 million and plans to raise $550 million in debt. The funds received will be used to expand the company’s data centre beyond Singapore to tap the global AI boom.

Quick answer

Sustainable Metal Cloud (SMC) raised $950 Million in a Funding Round round, dated July 26, 2024. Sustainable Metal Cloud (SMC) is based in Singapore, Southeast Asia, Singapore.

How much did Sustainable Metal Cloud (SMC) raise?
Sustainable Metal Cloud (SMC) raised $950 Million in a Funding Round round on July 26, 2024.
What does Sustainable Metal Cloud (SMC) do?
SMC is the world's most energy-efficient GPU cloud for ultra-low latency AI training, fine-tuning and inference.
Where is Sustainable Metal Cloud (SMC) based and how big is it?
Sustainable Metal Cloud (SMC) is based in Singapore, Southeast Asia, Singapore.
Who are the decision-makers at Sustainable Metal Cloud (SMC)?
Fundz holds 1 contact at Sustainable Metal Cloud (SMC). Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Software around the same time

Companies in the same sectors as Sustainable Metal Cloud (SMC) that raised within 45 days of this round, from Fundz verified event records.

  • Hadron Energy raised $9.9M on July 29, 2024.
  • All Hands AI raised $5M (Seed) on September 9, 2024.
  • Stylus raised $653K (Seed) on September 6, 2024.
  • Fastn raised $2.6M (Seed) on September 6, 2024.
  • Inventive AI raised $4M (Seed) on September 6, 2024.
  • Agree.com raised $3M (Pre-Seed) on September 5, 2024.

Who to call at Sustainable Metal Cloud (SMC), and when

A new round usually means Sustainable Metal Cloud (SMC) is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Sustainable Metal Cloud (SMC) raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Sustainable Metal Cloud (SMC), from your own LinkedIn network

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Company Information

Company

Sustainable Metal Cloud (SMC)

Location

Singapore, Southeast Asia, Singapore

About

SMC is the world's most energy-efficient GPU cloud for ultra-low latency AI training, fine-tuning and inference. Powered by Sustainable AI Factories, SMC's infrastructure stack cuts the power required to train and inference AI workloads by up to 50%, reducing TCO for production AI by over 80%. Globally available, SMC H100 SXM clusters maximize performance, utilization and ROI for customers at every stage of the AI workload journey, thanks to the world's most energy efficient AI infrastructure stack. SMC's HyperCube Sustainable AI Factories utilize advanced immersion cooling technology that maximises density and efficiency for GPU cluster hosting. SMC sets new benchmarks for watts per parameter to train (w/p), and watts per token (w/p) to inference on large language models in order to drive down the cost to productionize AI.

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Fundz sees it the moment Sustainable Metal Cloud (SMC) raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

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Sustainable Metal Cloud (SMC) raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.