Nordic firm Borealis Data Center (BDC) this week announced $148 million in funding from infrastructure investment firm Infranity and Iceland’s Arion Bank. The funds will support Borealis’ expansion plans in the Nordics, though further details weren't shared.
“Our strategy for growth is rooted in delivering exceptional value to our customers while attracting those with increasingly sophisticated requirements,” said Björn Brynjúlfsson, CEO and co-founder of Borealis Data Center.
“As the industry evolves rapidly, we are committed to staying ahead of future demands and enabling our facilities to meet the needs of the most advanced workloads in a sustainable manner. Beyond a vote of confidence, the financing from Infranity and Arion enables us to further accelerate this strategy and advance our capabilities.”
Originally founded in 2014, Icelandic operator Borealis operates three sites in Iceland; one in Reykjavík, one in Blönduós, and one in Fitjar in Reykjanesbær.
“This financing is a testimony to the fruitful partnership between Vauban and Borealis and to the effective growth strategy that the company has adopted. We are delighted to have supported and to continue contributing to this development of Borealis,” said Sam Léa Zhang, investment director at Vauban and Borealis Data Center board chair.
