DataBank has raised a $350M debt funding round to make enterprise cloud infrastructure management more efficient.
DataBank has raised $1B in funding in 2023 alone.
- DataBank offers data centers that aim to help its clients scale mission-critical applications.
- The company has 74 data centers and 352 MW of critical IT load.
- Its data centers are located in locations such as:
- Seattle,
- Silicon Valley,
- New Jersey,
- New York City,
- Northern Virginia,
- Philadelphia,
- France,
- and the United Kingdom.
- $175M out of the total amount raised in the funding has a five-year repayment term, while the rest will be paid later.
- TD Securities led the funding round.
- The company is based in Dallas, Texas.
