#Singapore #Data Centers #GDS International

GDS International Boosts its Series B Funding

GDS International (GDSI), a prominent data center pioneer headquartered in Singapore, recently announced a significant increase in its Series B funding round. On December 9, the company disclosed that it had adjusted its final agreements for a capital raise initially set to $1 billion, enhancing the total to $1.2 billion, all while maintaining the same pre-money valuation.

This strategic uptick was primarily supported by well-known new investors, including the SoftBank Vision Fund and Kenneth Griffin, the CEO of Citadel. GDSI projects that the additional funds will provide enough equity to support the development of more than 1 gigawatt (GW) of data center capacity, underscoring its commitment to expanding its digital infrastructure capabilities.

Jamie Khoo, GDS International’s CEO, expressed enthusiasm over the robust backing from investors for the Series B capital raise. Khoo stated, “The strong support from our investors enables us to scale operations and bring esteemed new investors into our shareholder base. The success of this capital increase highlights the strength of GDSI’s vision and strategy.” He emphasized that the new funds would accelerate the company’s ability to explore new data center markets and deliver state-of-the-art digital infrastructure solutions more swiftly.

GDS International’s Vision

GDS International is a key player in developing next-generation digital infrastructures that cater to industry leaders requiring reliable, scalable, and cost-efficient solutions. They operate high-tech data centers that empower hyperscalers and large enterprises to connect effectively with their clients, driving innovation and shaping the future of their sectors across Singapore, Malaysia, Indonesia, Thailand, Hong Kong, Japan, and beyond.

The leadership team at GDSI, rooted in Singapore, boasts over 20 years of experience in building Asia's largest data center business and pioneering the development of new markets to support global clients. Worth noting, GDSI has been instrumental in transforming the SIJORI region (comprising Singapore, Johor, and the Riau Islands) into a global data center hub. This initiative is part of their broader goal to solidify Singapore's position as a leading center for digital and data connectivity in Asia.

Future Prospects

As the digital landscape evolves, GDSI's expansion signifies a strategic move not only for the company itself but also for the entire region’s tech industry. With the enhancement of their capital infrastructure through this fundraising, GDSI is poised to reinforce its capabilities and offerings amidst a burgeoning demand for data center services driven by advanced technologies like cloud computing, artificial intelligence, and the Internet of Things.

The company anticipates finalizing the Series B capital raise by the end of the fiscal year, preparing to leverage the funds and continue its trajectory of growth and innovation. With a firm foundation of investor support, GDS International is set to navigate the competitive data center landscape, ensuring it meets the ever-increasing demand for digital solutions that empower businesses worldwide.

In conclusion, the successful fundraising initiative accentuates GDS International's strategic foresight and commitment to advancing digital infrastructures. As the tech industry continues to expand, GDSI's role as a pivotal player in providing critical data center solutions positions them favorably as they chart their course forward in the global digital economy.