As demand for AI accelerates, San Jose-based startup GMI Cloud has raised $82 million in Series A funding. Led by Headline Asia, the round included strategic investors Banpu, a Thai energy company, and Taiwan’s electronics giant Wistron. This funding boosts GMI Cloud’s total to $93 million, combining $15 million in equity and $67 million in debt.
Founded in 2022, GMI Cloud originally provided Bitcoin computing services. However, as demand for GPU computing surged, CEO Alex Yeh shifted its focus to AI cloud infrastructure. The startup now serves clients across healthcare, research, and telecom sectors.
The new funds will support GMI Cloud’s expansion, with plans to open a data center in Colorado. This facility will strengthen its North American reach and complement centers in Taiwan, Thailand, and Malaysia. Additionally, the company plans to grow its workforce from 53 to nearly 70 by year’s end to meet rising demand.
Banpu and Wistron will play key roles in GMI’s growth. Banpu will provide power resources, while Wistron will co-develop products. These partnerships enhance GMI Cloud’s ability to meet global GPU demands efficiently. The company’s cloud infrastructure also offers customized private cloud services and seamless integration with Nvidia’s NIM, a feature few competitors match.
Yeh highlights the expertise of GMI’s team, which brings over 20 years of AI and HPC experience. With 33 AI patents and backgrounds at GoogleX, Alibaba Cloud, and Supermicro, the team provides valuable insights on model training, fine-tuning, and scaling.
In a rapidly growing AI market projected to reach $1.8 trillion by 2030, GMI Cloud leverages a direct supply chain, ensuring cost efficiency and security. As the only Nvidia-certified cloud provider in Taiwan under the NCP/NPN program, GMI offers reliable and cost-effective GPU infrastructure tailored to the AI needs of modern enterprises.
