Scala Data Centers Raises $500 Million to Propel Growth
Scala Data Centers Secures Major Funding for Expansion
Scala Data Centers, recognized as a leader in the sustainable hyperscale data center sector in Latin America, has recently announced that it has successfully completed an impressive $500 million in structured financing. This substantial investment consists of $250 million from Coatue Tactical Solutions and another $250 million from the Investment Management Corporation of Ontario (IMCO).
Funding to Drive Growth and Innovation
The capital raised will play a crucial role in accelerating Scala's expansion efforts throughout Latin America. This growth is largely motivated by the increasing demand for cloud computing and artificial intelligence technologies within the region. The company is committed to investing in innovative technologies while upholding its strong sustainability principles.
Leadership Insight on the Investment
Marcos Peigo, the CEO and co-founder of Scala Data Centers, expressed his enthusiasm regarding the investments, stating, "We are thrilled to welcome Coatue and IMCO and honored by their choice of Scala. Their support is a powerful endorsement of our vision and the relentless dedication of our team." He added that this partnership will enable Scala to develop next-generation infrastructure essential for facilitating the adoption of cloud-based and AI technologies in the region.
Coatue's Vision for AI and Digital Infrastructure
Coatue Management, a prominent technology-centric investment firm, brings extensive experience in AI and digital infrastructure. Their decision to invest in Scala Data Centers underlines the significant role that infrastructure can play in fostering AI-driven innovation within Latin America and on a global scale. The strategic placement of Scala's advanced data centers is designed to meet the rapidly growing demand for AI and digital services.
Strategic Benefits of the Investment
Malachi Price, a Partner at Coatue, commented on Scala's leading role in hyperscale data centers by noting, "Scala Data Centers has emerged as a regional leader in hyperscale data centers and is at the forefront of the digital revolution in Latin America." Partner Robert Yin further added, "Our investment reflects our belief in Scala's ability to capture the AI opportunity and drive further digitization in the region. We are excited to support Scala's mission to provide cutting-edge, sustainable solutions."
IMCO's Commitment to Sustainability and Growth
IMCO, recognized as one of Canada's largest institutional investors, aligns with a long-term investment strategy focused on sustainable growth. This investment in Scala Data Centers affirms IMCO's confidence in Scala's mission and reinforces their commitment to digital transformation across Latin America.
Vision for Future Growth
Fred Robert, Managing Director of Digital Infrastructure at IMCO, emphasized that the qualities Scala exhibits make it an attractive investment opportunity. He remarked, "As a long-term investor, IMCO seeks sustainability and growth as key investment attributes for our digital infrastructure portfolio. Scala represents the kind of world-class asset IMCO invests in, leveraging Brazil's abundant hydro power to position itself as a leader in sustainability in the data center sector."
About Scala Data Centers
Scala Data Centers is known for its leadership in the sustainable hyperscale data center market across Latin America. The company, based in Brazil and supported by DigitalBridge, is focused on meeting the growing demand for digital access across various countries, including Brazil, Chile, Mexico, and Colombia. Scala boasts one of the largest portfolios of secured power and land in the region, surpassing 1 GW of critical capacity, supported by a skilled workforce of over 1,100 professionals dedicated to innovative and flexible data center solutions.
Scala's Center of Excellence provides tailored solutions ensuring mission-critical availability, energy efficiency, and adaptability for AI workloads, all while adhering to several best practices outlined in its ESG (Environmental, Social, Governance) program.
Frequently Asked Questions
What recent funding did Scala Data Centers secure?
Scala Data Centers secured $500 million in structured financing from Coatue Tactical Solutions and IMCO to enhance its services.
How will Scala use the funding?
The funding will accelerate Scala's expansion in Latin America and support technological innovation while promoting sustainability.
Who are the key investors in Scala Data Centers?
The key investors include Coatue Tactical Solutions and the Investment Management Corporation of Ontario (IMCO).
What does Scala emphasize in its operations?
Scala is dedicated to sustainability, innovative technology deployment, and meeting the growing demand for AI and digital services.
Where does Scala Data Centers operate?
Scala operates across Latin America, particularly in countries like Brazil, Chile, Mexico, and Colombia, providing cutting-edge hyperscale data center solutions.
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