Digital Edge Secures $1.6 Billion for Expansion in Asia
Digital Edge Raises Significant Capital for Future Growth
Digital Edge, a data centre company based in Singapore, recently announced a remarkable achievement, securing over $1.6 billion in fresh capital. This funding will be pivotal in driving the company’s future expansion plans.
Funding Composition and Source
The capital raised by Digital Edge comprises a mix of equity and debt financing. Notably, approximately $640 million has been contributed through equity investments from both existing and new investors. Additionally, the company has secured around $1 billion in total debt financing to bolster its financial foundation.
Enhancing Data Centre Capabilities
Digital Edge's ambitious growth plan is directed towards meeting the rising demand for cloud services and artificial intelligence solutions in various markets across Asia. The gathered funds will enable the company to expand its operations and enhance service delivery, thereby enriching customer experiences in the rapidly evolving technology landscape.
Current Operations and Future Prospects
Since its establishment in 2020, Digital Edge has flourished, currently owning and operating 21 data centres. These centres collectively hold over 500 megawatts of capacity in service and are under construction, with an additional 300 megawatts earmarked for future development. Their facilities span across multiple countries including Japan, Korea, India, Malaysia, Indonesia, and the Philippines. With this recent funding, Digital Edge is well-positioned to accelerate its growth trajectory.
Frequently Asked Questions
What is Digital Edge's primary focus?
Digital Edge focuses on providing data centre services, primarily aimed at meeting the cloud and AI demands of its clients.
How much capital has Digital Edge raised?
Digital Edge has raised over $1.6 billion through both equity and debt financing.
Which investors are involved in Digital Edge's funding?
The funding includes contributions from both existing investors and new investors, with Stonepeak being a notable partner.
What countries does Digital Edge operate in?
Digital Edge operates in Japan, Korea, India, Malaysia, Indonesia, and the Philippines.
When was Digital Edge founded?
Digital Edge was established in the year 2020.
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