GMI Cloud: AI-Based GPU Company Raises $82 Million (Series A)

By Amit Chowdhry ● Nov 8, 2024

GMI Cloud, a leading AI-native GPU cloud provider, announced 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 funding round includes strategic investments from Banpu Next, a leading smart energy solutions provider in the Asia-Pacific region, and Wistron (a global leading technology service provider).

This new funding round 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. And 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.

GMI Cloud stands apart through 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. And 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.

GMI Cloud utilizes its global operations and strategic partnerships with leading OEMs to enable rapid deployment and reduced lead times for GPU access worldwide. And 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, especially in North America. This strategic expansion enhances the company’s ability to meet growing global demand for GPU resources.

Backed by a 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. And 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.

KEY QUOTES:

“We’re at a launching point in our company’s journey. 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.”

– Alex Yeh, Founder and CEO of GMI Cloud

“GMI Cloud’s ability to rapidly deploy infrastructure to provide GPU accessibility in today’s demanding market perfectly embodies our “Go Global” approach. 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.”

– Akio Tanaka, Founding Partner at Headline Asia

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