AI infrastructure provider Firmus Technologies has received an equity investment from Maas Group Holdings, an ASX-listed Australian industrial service and real estate business.
The equity investment, the amount of which was undisclosed, aligns Firmus’ long-term strategy of not relying on overseas manufacturing and building an Australian supply chain for AI infrastructure, spanning advanced manufacturing, construction and sovereign electrification.
Over the past six months, Firmus has raised more than $800 million in total equity (thanks to raises in September and November) and committed more than $300 million to its Australian AI factory supply chain, including long-term partnerships with Benmax (mechanical systems) and Maas subsidiary JLE (electrical and electrification systems).
Through Benmax and Maas, Firmus has claimed to establish sovereign Australian manufacturing capacity for the core components required to build AI facilities, including cooling, power and integrated system modules. This capacity is designed to support up to 1.5GW of AI facility delivery per year while creating up to 400 highly skilled advanced manufacturing jobs.
Firmus co-CEO Oliver Curtis said the goal was to create a faster, more reliable model for AI infrastructure delivery:
“By investing early in a sovereign supply chain and partnering with groups like Maas and Benmax we’re removing friction from global delivery and building a platform that can respond to AI demand in real time," he said.
"This is about turning Australia into a builder of AI infrastructure, not just a host whilst creating hundreds of highly skilled lasting jobs for local community.”
Firmus’s AI Factory warehouses and Project Southgate deployments are under construction across multiple Australian sites, with new capacity coming online through 2026.
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