OCTOBER 15, 2024
Dallas-based DataBank nabs $1.5 billion Australian
investment to expand data center reach
“Dallas-based data center operator DataBank has netted a $1.5 billion investment from an Australian investment fund as the tech company continues to grow with the AI and cloud computing boom.
The money from AustralianSuper will make it a “significant minority investor” in DataBank. AustralianSuper will also add a member to the tech company’s board. DataBank pulled in another $483 million from existing investors, giving it more money to invest in data centers.“
“Dallas-based data center operator DataBank has netted a $1.5 billion investment from an Australian investment fund as the tech company continues to grow with the AI and cloud computing boom.
The money from AustralianSuper will make it a “significant minority investor” in DataBank. AustralianSuper will also add a member to the tech company’s board. DataBank pulled in another $483 million from existing investors, giving it more money to invest in data centers.“