May 12, 2026 | Posted by Abdul-Rahman Oladimeji
Australian investment company Alceon is backing local data center developer Insite DC through its newly launched Data Centre Catalyst Fund. The firm said it plans to invest at least AU$100 million (US$72m) in initial capital to support site acquisitions and data center developments across Australia’s east coast. Established last year, Insite DC will use the funding to expand its development pipeline, grow its land holdings, and advance projects in Melbourne and Sydney.
David Gribble, Alceon CEO, said: “Digital infrastructure is one of the highest-conviction investment thematics globally, underpinned by structural demand for data, cloud services, and AI compute. Insite DC represents a compelling opportunity to partner with an experienced and deeply credentialed platform, focused on delivering critical infrastructure in key Asia Pacific markets. Together with Formus, we have a differentiated ability to access strategic landholdings and unlock value through secured power, the defining constraint in this market.”
Full details of Insite’s planned facilities haven’t been shared. The company’s website suggests 100MW of capacity is planned across six sites. Nauman Akhtar and Anik Akhter, co-founders at Insite DC, said: “We are excited to partner with Alceon as we scale our platform to meet the next wave of demand driven by artificial intelligence and cloud technologies. Our focus is on delivering flexible, scalable, and energy-efficient data center campuses that serve both hyperscale and enterprise customers at the highest standard. With Alceon’s backing, we are well-positioned to accelerate our developments in Melbourne and Sydney and expand our presence across the JAPAC region.”
