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GMI Cloud Raises $82 Million in Total Series A Funding to Drive Global Access to Advanced GPUs and Cloud Infrastructure

GMI Cloud Raises $82 Million in Total Series A Funding to Drive Global Access to Advanced GPUs and Cloud Infrastructure

November 15, 2024 Craig Etkin

Emerging cloud computing leader GMI Cloud to accelerate AI adoption, help meet growing demand for AI infrastructure with NVIDIA accelerated computing, and open new U.S. data center

SANTA CLARA, Calif., Oct. 29, 2024 /PRNewswire/ — GMI Cloud, a leading AI-native GPU cloud provider, has announced today that it has raised $15 million in equity funding and $67 in debt financing in a Series A round led by Headline Asia, bringing the company’s total capital to over $93 million. The round includes strategic investments from Banpu Next (BANPU.BK), a leading smart energy solutions provider in the Asia-Pacific region, and Wistron Corporation (3231.TW), a global leading technology service provider. The funding will be used to open a new U.S. data center in Colorado and reinforces the Silicon Valley-based company’s position as a premier vertically integrated cloud provider. GMI Cloud is creating the foundation for an AI-driven future and is strategically positioned to provide advanced scalability and comprehensive solutions for ML deployments all over the world.

Fueled by Big Tech, innovation in artificial intelligence (AI) and research has skyrocketed across industries and the global AI market is projected to reach $1.8 trillion by 2030. As businesses increasingly prioritize AI and data strategies, the demand for GMI Cloud’s comprehensive cloud solution will continue to surge.

GMI Cloud stands apart with its end-to-end AI solutions — combining flexible GPU infrastructure based on NVIDIA accelerated computing with Cluster Engine, the company’s proprietary resource management and orchestration platform. These offerings provide businesses with seamless scalability, optimized performance, and robust security measures for AI-driven projects, helping enterprises scale confidently while protecting their data and infrastructure.

“We’re at a launching point in our company’s journey,” said Alex Yeh, Founder and CEO of GMI Cloud. “We’ve seen the wide array of struggles for start-ups and large enterprises seeking to implement AI strategies. This funding empowers us to enhance the performance, security, and accessibility of our platform, helping businesses around the world scale even the most demanding AI workloads with confidence and efficiency.”

GMI Cloud leverages its global operations and strategic partnerships with leading OEMs to enable rapid deployment and reduced lead times for GPU access worldwide. Along with its longstanding presence in Taiwan, the company’s new Colorado data center will serve as a critical hub for expanding GMI Cloud’s capacity, particularly in North America. This strategic expansion enhances the company’s ability to meet growing global demand for GPU resources.

“GMI Cloud’s ability to rapidly deploy infrastructure to provide GPU accessibility in today’s demanding market perfectly embodies our “Go Global” approach,” said Akio Tanaka, Founding Partner at Headline Asia. “With his unique experience and relationships in the market, Alex truly understands how to scale AI infrastructure operations, making his company’s potential for growth limitless.”

Backed by a globally recognized team with deep expertise in AI, machine learning (ML), and cloud infrastructure, GMI Cloud combines decades of experience to address the evolving demands of AI-driven businesses. The team provides expert support to help clients smoothly scale their AI and data projects with reliable, high-performance solutions tailored to meet the needs of modern enterprises.

As a member of the NVIDIA Partner Network, GMI Cloud leverages NVIDIA’s accelerated computing platforms, providing customers with advanced infrastructure for AI and machine learning workloads and high-performance GPUs to help meet their computational needs.

For more information on getting started with GMI Cloud, visit gmicloud.ai today. 

About GMI Cloud
Headquartered in Silicon Valley, GMI Cloud is a venture-backed digital infrastructure company with the mission of empowering anyone to deploy AI effortlessly and  simplifying how businesses build, deploy, and scale AI through integrated hardware and software solutions. To learn more, visit gmicloud.ai.

SOURCE GMI Cloud

Copyright © 2024 Cision US Inc.


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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

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In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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