GMI Cloud raises $668 million in equity and credit financing

  • GMI Cloud announced $668 million in financing, with ARCHIV leading and NVIDIA participating.
  • KB Investment, DSC Investment, Kyobo Life Insurance and KT invested alongside NVIDIA.
  • GMI Cloud said its inference platform processes about 4 trillion tokens weekly.

GMI Cloud, an AI-native cloud platform, announced $668 million in financing, comprising a $223 million Series B equity round and $445 million in credit financing. ARCHIV led the equity investment, while NVIDIA participated. South Korea's KB Investment, the venture capital arm of KB Financial Group, along with DSC Investment, Kyobo Life Insurance and KT, also invested in GMI Cloud alongside NVIDIA. The investment gives the Korean companies exposure to core AI infrastructure. GMI Cloud said its inference platform processes about 4 trillion tokens (units of text or data processed by AI models) each week, with customers including Fireworks, Nous Research, OpenRouter and Trend Micro. PANews reported the financing announcement on Oct. 1, citing The Straits Times.

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