AirTrunk raises $621m for expansion

Singapore-based AirTrunk announced that it has successfully completed an AU$850 million (US$621m) financing round to fund a major expansion of its Australian data centers in Sydney and Melbourne, as well as across key Asia-Pacific markets.

Deutsche Bank is the underwriter for the new financing round, which is understood to be the largest by a data center company in Australia.

AirTrunk first made waves last year after the startup raised US$400M to help build two data centers in Sydney and Melbourne, which opened in September and November last year, respectively.

The bulk of the new financing will go towards its two current facilities, which will support a total of 174 megawatts within 12 months. 100MW will be available for customers, while the rest can be added in phrases. The remainder will go towards expanding into Asia, specifically Singapore, Hong Kong and Tokyo...

Source: DatacenterDynamics