Singapore-Based Digital Edge Raises $1.6 Billion For Data Center Expansion

The Singapore-based company Digital Edge has raised over $1.6 billion to fund and expand its data centers to meet customers’ cloud and AI demands across Asia.

According to the press release, the new capital combines around $640 million of equity investment—including existing and new investors—and $1 billion in debt.

Digital Edge—part of the American investing firm Stonepeak’s portfolio—said the new investments will accelerate its expansion to meet AI and cloud demands from its customers.

“This is a major milestone for Digital Edge and an affirmation of the quality of this platform and our team,” said Samuel Lee, Chief Executive Officer of Digital Edge. “We are very proud of what we have achieved and are excited to deliver on the next phase of AI-ready data center developments.”

The data center company was established in 2020 and operates in multiple countries where it expects to continue its expansion, including Malaysia, India, Indonesia, Japan, South Korea, and the Philippines.

Digital Edge currently has 21 data centers with a power capacity of over more than 500 MW and is developing more with more than 300 MW.

“The level of interest received from existing and new investors is a testament to Digital Edge’s proven track record, expansion capacity, and relentless focus on delivering for our customers across the Asia Pacific region,” said Andrew Thomas, Chairman of Digital Edge and a Senior Managing Director at Stonepeak.

A few months ago, Alphabet announced the construction of two new data centers in South Carolina, and Amazon recently unveiled a new Data Transfer Terminal in New York and Los Angeles.