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DataBank raises $1.6bn in 2023 alone to finance data centre expansion

The capital will be used to meet the fast-growing need for capacity driven by the rise of artificial intelligence (AI) applications, the company said.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

November 28, 2023 | 8:35 PM GMT

DataBank raises $1.6bn in 2023 alone to finance data centre expansion

Kevin Ooley, DataBank's President & CFO. Source: DataBank

The Tech Capital

US data centre operator DataBank has closed another capital round which has taken its 2023 raising to nearly US$1.6 billion.

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João Marques Lima

Founder and Editor, The Tech Capital

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