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The funding will help expand the company’s data centre portfolio to meet the growing demand for cloud and AI infrastructure across Asia
Digital Edge, a developer and operator of data centres cross Asia, has successfully raised over $1.6 billion in new funding.
The capital, which includes both equity and debt financing, will fuel the company’s next phase of growth as it works to meet the increasing demand for cloud and AI services across the region.
This funding round is made up of $640 million in equity contributions from a mix of current and new investors, alongside $1 billion in debt financing.
These funds will be used to support the expansion of multiple campuses, including at Navi Mumbai, India, and Incheon, South Korea, according to anonymous sources.
Since its establishment by Stonepeak Infrastructure Partners in 2020, Digital Edge has grown its operations to encompass 21 data centres across several key markets in Asia, including Japan, Korea, India, Malaysia, Indonesia, and the Philippines.
Digital Edge launched its third data centre in South Korea, the 36MW SEL2 facility, in October last year. Located within the 100MW Incheon campus, this new facility marks a significant step in the company’s expansion to meet the soaring service demand in the country. Earlier in 2024, Digital Edge also opened the EDGE2 data centre in Jakarta, Indonesia, contributing an additional 23MW of capacity to its Southeast Asian portfolio.
The company’s latest data centre projects also include its planned deployment of its 300MW Navi Mumbai campus in mid-2025. as well as a new hyperscale edge facility in downtown Tokyo, Japan.
“The level of interest received from existing and new investors is testament to Digital Edge’s proven track record, expansion capacity, and relentless focus on delivering for our customers across the Asia Pacific region,” said Andrew Thomas, Chairman of Digital Edge and a Senior Managing Director at Stonepeak in a press release. “Since making the founding investment in Digital Edge in 2020, Stonepeak has been proud to support the platform’s expansion into six countries and a truly pan-APAC footprint.”
The data centre industry has been booming for the past two years in line with increasing digital demand and the meteoric rise of AI services. Asia – particularly Southeast Asia – has been a major hotspot in this regard, seeing billions of dollars invested in new data centre projects from the likes of Google, Amazon, and Microsoft.
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