Speaking to The Tech Capital at PTC’25, Aligned Data Centers’ Chief Investment Officer, Anubhav Raj, discusses the firm’s recent US$12 billion capital raise and its implications for AI infrastructure expansion across the Americas. In a significant move that underscores the burgeoning demand for artificial intelligence (AI) infrastructure, Texas-based Aligned Data Centers has closed a monumental US$12 billion capital raise.

The financial injection comprises over US$5 billion in new primary equity and more than US$7 billion in new debt commitments. The funding round, spearheaded by Australian investor Macquarie Asset Management, alongside several global investors with extensive digital infrastructure experience, is set to catalyse Aligned’s ambitious expansion plans.

At the heart of this strategy lies the acceleration of AI platform development. Raj elaborated on the company’s vision: “This unprecedented capital raise positions us to rapidly scale our AI-ready infrastructure across the Americas. We’re targeting a future capacity exceeding 5 gigawatts, which will significantly enhance our ability to meet the escalating demands of AI and cloud computing services”.

The investment comes at a crucial juncture in the tech industry, where the exponential growth of AI applications is driving an insatiable appetite for high-performance computing infrastructure. Raj further commented on the competitive edge this funding provides: “With this substantial financial backing, we’re not just expanding our footprint; we’re investing in cutting-edge technologies that will set new standards in energy efficiency and computational density. This approach will undoubtedly strengthen our position in the market”.

The geographic focus of Aligned’s expansion plans spans the Americas, with particular emphasis likely to be placed on regions with robust tech ecosystems and favourable energy profiles. The deployment of resources is expected to create a network of hyperscale data centres optimised for AI workloads.

As the data centre landscape continues to evolve, partnerships and collaborations will play a crucial role in shaping the industry’s future. Raj hinted at potential alliances, saying: “This funding not only bolsters our expansion capabilities but also opens doors to strategic partnerships with leading tech firms and AI innovators. We are exploring collaborations that will drive mutual growth and technological advancement”.