Edge colocation and managed cloud service supplier DataBank introduced a $2.0 billion fairness elevate, led by a $1.5 billion funding from AustralianSuper.
AustralianSuper is Australia’s largest superannuation fund and can change into a major minority proprietor of DataBank.
“We’re delighted to have AustralianSuper be part of our traders,” stated Raul Martynek, DataBank’s CEO. “Together with the continued assist of our current traders, it’s a vote of confidence in our technique and our confirmed means to execute and scale the DataBank platform. This funding, and our new campuses, are a game-changer for DataBank and our prospects, permitting us to convey this capability to market now and seize the unimaginable alternative forward of us.”
The capital elevate was oversubscribed, with a further $483 million from current traders together with DigitalBridge. Proceeds will fund the build-out of over 850MW of information heart capability to satisfy rising demand for enterprise, cloud, and AI workloads.
DataBank operates 65+ knowledge facilities throughout 27+ markets, with new campuses in Dallas, Culpeper, and Atlanta.
The funding marks AustralianSuper’s first entry into the U.S. knowledge heart market.
DataBank has raised over $4.0 billion in debt and fairness up to now yr. The transaction is predicted to shut by the top of 2024, pending customary situations.
Associated
AustralianSuper | knowledge facilities | Databank | financing
