Vantage Data Centers, a global provider of hyperscale data center campuses, recently announced the company raised a record $10 billion in incremental debt and equity financing throughout 2023 to support the growing demand from the world’s largest hyperscalers. The capital raised supported record leasing, expansion into two new markets and the groundbreakings of seven campuses across North America, EMEA and APAC.
Throughout 2023, Vantage leveraged these new investments to serve customers in key markets, supporting the development of digital infrastructure and technology hubs globally. Driving the expansion of the company’s international platform, this influx of capital came as demand for hyperscale cloud services and generative artificial intelligence (AI) soared, with projections expected to reach $535 billion by 2028, according to Structure Research, and $1.3 trillion by 2032, according to Bloomberg Intelligence, respectively.