Digital Edge secures $1.6bn for APAC's insatiable cloud demand

In recent months, Digital Edge, a Singapore-based data center company, announced that it has raised over $1.6 billion in new capital to address the increasing demand for cloud services and artificial intelligence infrastructure across the Asia-Pacific (APAC) region. Founded in 2020, Digital Edge is a portfolio company of Stonepeak, a New York-based investment firm. The funding comprises approximately $640 million in equity investment and $1 billion in debt financing, demonstrating significant investor confidence in the company’s growth prospects. Digital Edge has an extensive operational footprint in the APAC region, owning and managing 21 data centers that collectively provide more than 500 megawatts of critical IT load, with plans to develop an additional 300 megawatts. The company's recent achievements include opening a data center campus in Jakarta, Indonesia, and launching a new location in Korea in October. Looking ahead, Digital Edge is set to open its first facility in a 300-megawatt campus in Mumbai as well as a hyperscale edge data center in Japan this year. The growing interest from both existing and new investors is attributed to Digital Edge's solid track record of performance and its capability to expand operations effectively across multiple countries. Andrew Thomas, the chair of Digital Edge and a senior managing director at Stonepeak, emphasized the importance of the additional capital, stating it would support the company’s goal of improving service delivery to clients in a region characterized by rapid technology advancement. Furthermore, Samuel Lee, CEO of Digital Edge, regarded the funding as a considerable milestone and a testament to the competency of the team and the platform's quality. He acknowledged the significance of having the right kind of funding to accelerate the development of AI-ready data centers, positioning Digital Edge as a critical player in the growing digital landscape. Acknowledging the urgent need for reliable cloud infrastructure, Mr. Lee remarked that the company’s focus is to enhance its offerings to meet the increasing demands from businesses for AI and cloud services. Overall, the latest funding round positions Digital Edge strategically within an evolving market, enabling the company to better meet the surging demand for digital infrastructure across many countries in the Asia-Pacific region. This funding is a clear indication that the company is focused on solid growth and maintaining a competitive edge in an increasingly technology-driven world.