Data center operator DataBank has just secured $250 million from private equity firm TJC and $600 million in a secondary share offer.
At this time, DataBank manages over 65 data centers across 27 markets. The firm has raised $5 billion in just the last year and a half alone.
As businesses and industries increasingly rely on AI technologies, we need much more reliable and scalable data infrastructure.
The $250 million raise is a vote of confidence in DataBank and the data center industry as a whole. Data infrastructure will continue to be a source of innovation and investment in the years to come.
