KB Investment and DSC Join Nvidia in $668M GMI Cloud Round

GMI Cloud has raised $668 million — about 907.4 billion won — in a Series B round that counts Nvidia as a strategic investor and two Korean venture capital firms among its backers.

KB Investment and DSC Investment took part in the round, according to investment banking sources on the 1st, in a move seen as an early bid to secure stakes in a key link of the AI value chain as demand for graphics processing unit computing surges. Silicon Valley-based ARCHIV, an investor specializing in AI and robotics, led the round. Nvidia joined as a strategic investor.

The Korean contingent went beyond the two VCs. Kyobo Life Insurance and KT also decided to buy stakes, while Asia-Pacific investors including Taiwan's Trend Micro were listed as shareholders.

The deal extends a pattern. Korean investors have been stepping up their bets in Silicon Valley in recent months, participating in funding rounds for technology companies that draw attention in the U.S. market itself. Anthropic and SpaceX, backed by a number of Korean venture capital firms and brokerages, are the leading examples.

GMI Cloud provides high-performance GPU infrastructure and AI inference services. Its earnings have grown sharply as GPU computing demand has jumped. Contracted annual recurring revenue rose ninefold from the end of last year, while ARR from services actually in operation increased 4.5 times.

The company plans to deploy the new capital in the Asia-Pacific region. It intends to expand capacity with a focus on Taiwan, its computing hub in Asia, while upgrading inference services and broadening its business.

For the Korean investors, the round is a test of relationships built over years. Promising local technology companies with top-tier talent and technology typically offer stakes to only a limited circle of investors — large Silicon Valley venture capital firms, global strategic investors and existing long-term institutional backers. Without those relationships, capital alone rarely secures a stake. The Korean venture capital industry's long-running bets on the U.S. risk capital market appear to be paying off.

Alex Yeh, chief executive of GMI Cloud, said GMI Cloud would build on the market position and technology it has established to expand its reliable computing infrastructure.

With contracted revenue up ninefold and Asia-Pacific capacity buildout ahead, the Korean investors' entry gives them a position in the GPU infrastructure layer that AI developers cannot bypass.