Singapore’s DayOne Data Centres Ltd raised US$2 billion from investors, including sovereign wealth fund Indonesia Investment Authority (INA), in its third funding round.
The fundraising was led by US investment firm Coatue Management, with participation from institutional investors from the US, Europe and Asia, DayOne says in a statement on January 6.
The company plans to use the money to develop existing and new data centres in Hong Kong, Finland, Indonesia, Japan, Malaysia, Singapore and Thailand.
Ridha Wirakusumah, chief executive officer of INA, describes digital infrastructure as a “critical enabler of long-term economic competitiveness”.
“The investment reflects our confidence in DayOne’s execution capabilities and its ability to scale high-quality hyperscale infrastructure across markets,” he is quoted as saying in the statement.
DayOne raised $1.5 billion in its previous two funding rounds, both in 2024.
