Nvidia is reportedly in talks to inject private investment in neocloud Firmus after the company dropped plans for an initial public offering (IPO).

As per a report from The Information, citing people familiar with the matter, the investment could be to the tune of several hundreds of millions of dollars.

Bloomberg previously reported that Firmus was seeking between $2 billion and $3bn in private funding following the drop of its IPO, in which the company had been hoping to secure as much as $5bn.

DCD has contacted Firmus and Nvidia for comment.

Firmus backed out of plans for the IPO earlier this month, stating that following its decision to reduce the price of its IPO, “the board therefore concluded that proceeding with the offer was not in the best interests of the company and its shareholders. Firmus will now pursue capital from the private markets and consider alternative public and private market options.”

Most recently, Firmus raised $2bn via an equity sale in August 2026, following a previous $505m equity investment round in April. The August round gave the company a post-money valuation of more than $10.5bn.

Nvidia is an existing investor in the company, having participated in previous rounds. The companies are also working together on a 170,000 GPU cluster in Batam, Indonesia, in an agreement that will see Firmus procure Nvidia AI infrastructure through 2034, and provide Nvidia-powered cloud services. Firmus was also one of the early participants in Nvidia's credit-sharing agreements in which it acts as a backstop in return for a cut of revenues.

According to The Information, thus far Nvidia has invested some $170bn in neoclouds and other large customers, including credit guarantees to help them raise the debt necessary for their AI infrastructure buildouts.

Firmus’ major investors include Blackstone, Coatue Management and Jane Street. Nvidia has participated in Firmus’ last three funding rounds. The company has raised more than $13bn in total, including around $10bn in debt.

Shortly before dropping its IPO, news that Firmus and CDC Data Centres had gone their separate ways emerged due to Firmus' planned expansion in Asia.

CDC CEO Greg Boorer said: "We’re certainly not planning on doing 1.6GW of rollout with them because they made other choices regarding doing their own data center developments, which is slightly different to what we envisaged," and similarly pointed out that Firmus would need to raise tens of billions of dollars to scale according to its plans.