Taiwanese neocloud GMI Cloud has raised $668 million in funding.

The company today revealed that it had secured $223m in equity for its Series B funding round led by ARCHIV, as well as a $445m credit facility led by CTBC.

Other participants include Nvidia, DSC Investment, Trend Micro, KB Investment, Kyobo Life, and KT Corporation.

GMI will use the funding to support its capacity expansion in the US, Taiwan, and the wider APAC region, and to develop GMI's inference services and support future hiring.

"Our customers are scaling faster than ever, and they need infrastructure that keeps pace," said Alex Yeh, founder and CEO, GMI Cloud. "AI is driving a new renaissance, and reliable compute is its foundation. Our goal is to build that foundation across continents, with an ecosystem of products on top of it."

The funding comes a few months after GMI was reportedly seeking up to $635m in loans backed by its customer contracts. That funding was set to go specifically towards GMI Cloud's AI factory project in Taoyuan, Taiwan. GMI announced it would be establishing a $500m data center in the city in November 2025, aiming to deploy around 7,000 Nvidia GB300 GPUs across 96 racks and offer a power capacity of around 16MW. The cluster will be housed within a Vantage Data Centers facility.

GMI, founded in 2023, also operates data centers in the US, elsewhere in Taiwan, and in Singapore, Thailand, and Japan. The company launched a $12bn sovereign AI infrastructure initiative in the latter country in March of this year, and is also working with Magna AI on a global network of "sovereign AI factories." In November 2024, it secured $82m in Series A funding.

The company counts among its customers Fireworks, Higgsfield, Nous Research, OpenRouter, Reflection, Cartesia, Trend Micro, and Utopai Studios.