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Data center operator DataBank nets $250M equity investment
Data center operator DataBank has raised $250 million in an equity investment and an additional $600 million in a secondary share sale.
DataBank, founded in 2005, was acquired in 2016 by a group of blue-chip investors led by DigitalBridge, an asset manager, and merged with several other data center operators. “Data centers are the cornerstone of the digital transformation and artificial intelligence, and we believe DataBank is uniquely positioned to capitalize on the sustained demand for reliable, scalable, and energy-efficient infrastructure in an increasingly data-driven world.” In a sector adjacent to DataBank, there’s a booming market for “neocloud” startups like Crusoe and others building low-cost, on-demand clouds primarily for AI workloads.
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