Kao Data, a specialist developer and operator of data centres for AI and advanced computing, announced on January 24, 2024, that it has successfully completed a new debt raise of £206 million. The funding, provided by Deutsche Bank, is extendable to £356 million and will help propel growth across Kao Data’s operational and planned assets, supporting its expansion plans across the UK and Europe. The funding will fast-track new contracted developments with customers across the cloud, AI, and financial services, and the build-out of its KLON-06 data centre in Slough. A portion of the new funding will repay Downing LLP, a UK-based responsible investment management firm that has partnered with Kao Data since its earliest development debt requirements. Kao Data's advanced data centre portfolio now includes more than 160MW of IT-load, either currently operational, under development, or planned.