October 2, 2026
The short version: GMI Cloud, an AI cloud infrastructure provider founded in 2021, announced on October 1 that it has raised $668 million in funding led by ARCHIV — with NVIDIA joining the round alongside DSC Investment, Trend Micro, KB Investment, KYOBO Life Insurance, and KT Corporation.
What happened
GMI Cloud said the round, led by ARCHIV, will fund bringing more computing capacity online in more parts of the world. The company describes itself as an AI cloud for compute, inference, and agents, and reports that its contracted annual recurring revenue has grown more than ninefold since the end of 2025. Its platform now processes around 4 trillion tokens a week.
The raise follows an $82 million Series A announced in October 2024 — meaning this round is roughly eight times the size of its last one.
Why NVIDIA’s name matters here
NVIDIA’s participation is notable for what it signals rather than what it costs the chipmaker: it continues a pattern of NVIDIA backing the specialist “neocloud” GPU providers that sit between the hyperscalers and end customers. CoreWeave is the best-known example; GMI Cloud, with a focus on expanding GPU infrastructure across Asia-Pacific, is now firmly in that tier. For NVIDIA, seeding capacity demand at cloud providers is a direct way to keep its own hardware moving at scale.
Why it matters
For subscribers, the honest read: another nine-figure neocloud raise is a vote of confidence that AI compute demand is still outrunning supply — and a leading indicator for anyone paying for inference. Every new fleet of GPUs that comes online is capacity that eventually competes on price. GMI Cloud’s 4-trillion-tokens-a-week run rate is the kind of metric that turns abstract “compute demand” talk into something you can watch: if you’re building on AI APIs, these are the companies whose build-outs decide what your token bills look like in 2027.
Frequently asked questions
What is GMI Cloud?
An AI cloud infrastructure provider founded in 2021, focused on compute, inference, and AI agent workloads.
Who invested in the $668 million round?
The round was led by ARCHIV, with participation from NVIDIA, DSC Investment, Trend Micro, KB Investment, KYOBO Life Insurance, and KT Corporation.
How fast is GMI Cloud growing?
The company says contracted annual recurring revenue is up more than 9× since the end of 2025, and its platform processes roughly 4 trillion tokens per week.
What was its previous funding?
An $82 million Series A announced in October 2024 — this round is about eight times larger.
Sources: TechInAsia, citing GMI Cloud.