South Korean cloud provider Naver has secured billions of dollars in investment from Brookfield and Nvidia. The company announced a $9 billion agreement with investment giant Brookfield this week to secure computing infrastructure. Naver added that the news meant the company has met the precondition for Nvidia’s previously announced strategic equity investment. The investment will bring the 1GW-scale global AI factory business that the three companies are jointly pursuing into the full-scale execution phase. Under the agreement, Brookfield will establish a special purpose vehicle (SPV), tentatively named Asset Co., invest up to $9bn to acquire AI infrastructure such as GPUs and data centers, and then provide computing power to Naver Cloud. The first 55MW under this agreement is set to go live in the first half of 2027, scaling to 200MW in 2028. The capacity will be centered around the GAK Sejong data center, but will be expanded overseas in phases. Naver initially announced plans to 55MW of Nvidia hardware in South Korea in June . Alongside Nvidia and Brookfield, the three then announced plans to scale the Korean company’s initial multi-tenant DSX AI Factory to 200MW by 2028 in July . As part of the announcement, Nvidia was to invest $1bn into Naver and Brookfield $9bn. Naver currently lists six cloud regions in South Korea, as well as one each in Japan, Germany, Singapore, and the US (West Coast). It is also planning future regions in the US (East Coast), Vietnam, Taiwan, and Thailand, and is expanding into the Middle East and North Africa. The company’s Sejong site began construction in November 2023 . The site spans 290,000 sqm (3.1 million sq ft) and is planned to reach 270MW of capacity, hosting up to 600,000 servers running Naver's cloud services. Work on the second and third phases is ongoing .