GMI Cloud Announces $668 Million in Financing, Pairing a $223 Million Series B With a $445 Million CTBC-Led Credit Facility
GMI Cloud says it raised $223 million in Series B equity led by ARCHIV plus a $445 million CTBC-led credit facility to expand GPU and inference capacity in the US, Taiwan and APAC.
Overview
GMI Cloud, a GPU cloud and inference provider, announced $668 million in new financing on October 1, 2026. According to the company’s press release, the package comprises $223 million in Series B equity and a $445 million credit facility led by CTBC. By those figures, roughly two-thirds of the total is debt rather than equity.
What We Know
- Equity round. Per the press release, the Series B was led by ARCHIV, “a new investment firm based in San Francisco that specializes in AI and robotics,” with participation from NVIDIA and Asia-Pacific investors including DSC Investment, Trend Micro, KB Investment, Kyobo Life and KT Corporation. SiliconANGLE also lists Redwood among the participants.
- Use of funds. The press release says the funding supports capacity expansion in the United States, Taiwan and the rest of APAC, building on the company’s Taiwan AI Factory and a Japan sovereign AI initiative announced earlier this year. It adds that the Series B will also support growth of GMI Cloud’s inference services and strategic hiring.
- Growth claims. The company says its contracted annual recurring revenue (ARR) has reached more than 9x its year-end 2025 level, live ARR in production has grown more than 4.5x over the same period, and its inference platform processes approximately 4 trillion tokens per week, according to the press release. SiliconANGLE describes the growth differently: contracted ARR set to grow 10-fold by the end of the year from its December 2025 level, and realized ARR up five-fold in the last year.
- Customers. Notable customers named in the press release include Fireworks, Higgsfield, Nous Research, OpenRouter, Reflection, Cartesia, Trend Micro and Utopai Studios. Chenyu Zhao, co-founder of Fireworks, is quoted there as saying, “GMI Cloud has been one of our strongest and most reliable providers across NVIDIA GB200 and GB300 NVL72 systems.”
- Platform. According to SiliconANGLE, GMI Cloud offers on-demand access to Nvidia’s H100 and H200 chips and newer Vera Rubin GPUs, managed through a proprietary Kubernetes-based system it calls the Cluster Engine, which lets developers spin up GPU clusters from preconfigured environments in seconds. The outlet also says the startup has data centers in Taiwan, Thailand and Malaysia, a regional footprint it contrasts with CoreWeave and Nebius, whose data centers are mostly centered on the U.S. and Europe.
Supply-Chain Pitch
Founder and CEO Alex Yeh framed the raise around delivery reliability. “In AI infrastructure, a delivery date is a promise. Customers plan launches, hiring, and revenue around it,” Yeh said, according to the press release, which also cites the company’s ties to Taiwan, “home to most of the world’s AI server manufacturing,” as giving it a more predictable path from order to deployment.
What We Don’t Know
- The exact debt figure. The two outlets differ on the credit facility. The press release gives $445 million led by CTBC and a $668 million total; SiliconANGLE reports a $440 million facility from ChinaTrust Commercial Bank and a $663 million total, and its headline refers to $263 million. The sources do not reconcile these differences.
- Valuation. Neither source reviewed discloses the Series B valuation.
- Independent verification of growth. The ARR and token-throughput figures are company-supplied; neither source cites an independent audit, and the two accounts of ARR growth use different multiples and time frames.
Context
The raise follows other large AI-infrastructure financings covered by The Machine Herald, including Crusoe’s $3.9 billion Series F.