GDS International Successfully Upsizes Series B Funding to $1.2 Billion

GDS International's Funding Milestone

On December 9, 2024, GDS International (GDSI), a notable player in the data center sector based in Singapore, revealed significant updates regarding its Series B funding round. Initially set at $1.0 billion, the new issuance of Series B Convertible Preferred Shares has been increased to an impressive $1.2 billion. This adjustment is attributed to expanding interest from high-profile investors, including the SoftBank Vision Fund and Kenneth Griffin, CEO of Citadel.

This expansion of capital enables GDSI to achieve an unexpected windfall while maintaining its pre-money equity valuation. The injective funds are poised to support the company’s ambitious plans, including the development of over 1 gigawatt (GW) of data center capacity. The implications of this expansion stretch beyond numbers; it indicates a robust confidence from leading investors in GDSI’s strategic vision and operational prowess.

Jamie Khoo, CEO of GDS International, expressed enthusiasm about the support received from investors. She stated, "We are delighted with the strong investor support for our Series B new issue," acknowledging the critical role this funding will play in GDSI's future projects. Khoo highlights that this funding will not solely contribute to scaling up operations, but also assist in launching new data center markets that offer cutting-edge digital infrastructure solutions.

Over the years, GDSI has established itself as a pioneer in developing next-generation digital infrastructure tailored for major industries. This success is rooted in their commitment to reliability, rapid scalability, and cost-effectiveness, meeting the unique demands of hyperscalers and large enterprises. The company operates modern data centers across several countries, including Singapore, Malaysia, Indonesia, Thailand, Hong Kong, and Japan. Their experience building Asia's largest data center network underscores a profound understanding of regional market dynamics and customer needs.

This latest funding round is set to close by the end of the year 2024, setting GDSI on an accelerating path towards realization of its growth strategy. With the leadership team comprising over 20 years of experience, GDS International is not only solidifying its current operations but is also laying the groundwork for further expansion and innovation in the data infrastructure landscape. As GDSI continues to innovate and adapt in this fast-paced environment, the future looks promising with strong backing from influential investors.

The increasing digital transformation among enterprises signifies a growing demand for reliable data centers. A robust investment such as this indicates a wider recognition of the essential role that companies like GDSI play in shaping the technological landscape. The raised capital will undoubtedly facilitate GDSI’s commitment to advancing infrastructure solutions that meet modern enterprise needs and foster innovation across industries.

In conclusion, GDS International’s successful fundraising effort not only marks a pivotal moment for the company but also reflects a broader trend of increasing investor interest in data centers and the digital infrastructure market.

This surge in funding, paired with GDSI’s proven track record, sets the stage for transforming how enterprises approach data connectivity and resource management in the years to come.