DataBank, a leading provider of enterprise-class edge colocation, interconnection, and managed cloud services, announced on November 28, 2023, that it has raised $533 million through a combination of debt and equity. This funding will be used to construct new data centers and meet the growing demand for capacity driven by the rise of artificial intelligence applications. The financing includes $188M in equity raised from existing and new investors, and a $345M construction loan for a new data center being developed in Atlanta, expected to open in Q3 2024. The new financing follows a total of almost $1.6B in financing announced in 2023 alone, reflecting the company's continued growth and expansion.