On-demand GPU infrastructure startup GMI Cloud raises $263M to fuel global expansion

What happened

The startup said today it has just closed on a $223 million Series B (an early stage of company funding) round of funding led by the robotics and AI-focused […] The post On-demand GPU infrastructure startup GMI Cloud raises $263M to fuel global expansion appeared first on SiliconANGLE . UPDATED 09:00 EDT / SEPTEMBER 30 2026 INFRA On-demand GPU infrastructure startup GMI Cloud raises $263M to fuel global expansion by Mike Wheatley Taiwan-based neocloud GMI Cloud Inc.

The startup said today it has just closed on a $223 million Series B round of funding led by the robotics and AI-focused investment firm ARCHIV, with participation from Nvidia Corp., Redwood, DSC Investment, KT Corp., Kyobo Life, KB Investment and Trend Micro Inc. At the same time, it has secured a $440 million credit facility from ChinaTrust Commercial Bank, one of the largest financial institutions in Taiwan.

GMI Cloud is one of a host of specialized cloud infrastructure providers that have emerged in recent years to cater to the growing demand for access to graphics processing units and other resources needed to power AI workloads. The best-known of these neoclouds is CoreWeave Inc., which went public last year and has quickly become one of the darlings of Wall Street amid the AI boom.