Aug 25, 2024 | Posted by Abdul-Rahman Oladimeji
Abu Dhabi’s sovereign wealth fund Mubadala has invested in data center developer Yondr via an existing investment by US asset manager Apollo.
Mubadala said its investment will support Yondr’s growth strategy amid increased demand for hyperscale data centers. It has also invested in global fiber network providers such as the UK’s CityFibre and GlobalConnect.
“We are witnessing a strong growth in demand for hyperscale data centers in response to the rising data demands from AI adoption, 5G, and IOT, and Yondr will play a key part in providing solutions for some of the world’s fastest growing corporations,” said Mounir Barakat, senior executive director of digital infrastructure at Mubadala.
Chester Reid, CFO at Yondr, added: “We are pleased to welcome Mubadala as a key financial partner. With their additional support we are well-positioned to accelerate our growth and continue delivering sustainable data center solutions to our clients worldwide, meeting the increasing demand for c
