Data Center Company AirTrunk Receives Financing of $625 Million

August 20, 2018
Data Center Company AirTrunk Receives Financing of $625 Million
Startup data center company AirTrunk has received financing of AUD $850 ($625) million. AirTrunk, which has headquarters in Singapore and a strong presence in Australia, was established in 2014. The company bills itself as “combining world-leading design and Asia Pacific insight” to reimagine data centers and build “hyperscale facilities that are more cost-efficient, scalable and available”. The company offers a broad range of wholesale data center services. The financing was raised as debt underwritten by Deutsche Bank AG and the funds will be used to expand two of its data centers in Australia and extend the company’s reach in Asia.

AirTrunk’s latest round of financing comes after an AUD $150 ($110) million loan from ING Groep NV and Natixis SA received in February of last year. This is further to funding from Goldman Sachs Group Inc. and equity company TPG. The money is being used to upgrade its facilities in Sydney and Melbourne, Australia and to expand into Asia with Singapore, Tokyo and Hong Kong as areas of focus.

“We saw a substantial amount of global interest in AirTrunk throughout the process, and are delighted to complete this financing arrangement with Deutsche Bank,” explained AirTrunk’s founder and CEO Robin Khuda in a press release. “Together with the new capital recently contributed by our shareholders, the new funds put us in a strong position to meet the growing demand from large cloud, content and enterprise customers in the Asia-Pacific region.”

Do you know of any other companies receiving new investment? Let us know the details. Add your comments below.

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