Singapore-based startup Digital Edge raises $1.6 billion to fuel AI-driven data center expansion across Asia

Singapore-based data center startup Digital Edge has raised over $1.6 billion in funding through a mix of equity and debt financing, the company announced on Monday. This comes as demand for data centers surges, fueled by the growing need for artificial intelligence.

The funding includes $640 million in equity investments from both existing and new backers, alongside $1 billion in debt financing to support multiple campus expansions. The equity portion attracted significant interest, drawing some of the largest institutional investors and sovereign wealth funds globally.

Digital Edge plans to use the funds to scale its operations and meet the rising needs of cloud and AI-focused customers across Asia. The company’s growth strategy is geared toward addressing these demands while strengthening its footprint in the region.

Andrew Thomas, Chairman of Digital Edge and Senior Managing Director at Stonepeak, highlighted the strong investor interest as evidence of the company’s success. “The level of interest received from existing and new investors is a testament to Digital Edge’s proven track record, expansion capacity, and relentless focus on delivering for our customers across the Asia Pacific region,” he said.

Thomas also noted that since Stonepeak’s founding investment in 2020, Digital Edge has grown into a platform spanning six countries with a significant presence across the APAC region.

Digital Edge CEO Samuel Lee called the funding a major milestone. “This is a major milestone for Digital Edge and an affirmation of the quality of this platform and our team. We are very proud of what we have achieved and are excited to deliver on the next phase of AI-ready data center developments,” he said.

John Freeman, President of Digital Edge, expressed gratitude to the company’s investors and financing partners. “This efficient and flexible funding will accelerate the continued execution of our vision, enabling us to further build out our digital infrastructure to better meet our customers’ cloud, AI, and interconnection requirements,” he said.

Since its founding in 2020, Digital Edge has rapidly expanded its portfolio, now owning and operating 21 data centers with over 500 MW of IT load currently in service or under construction. The company holds an additional 300 MW for future development across key markets including Japan, Korea, India, Malaysia, Indonesia, and the Philippines.

Digital Edge is backed by Stonepeak, a New York-based investment firm managing approximately $70 billion in infrastructure and real asset investments.

Digital Edge HQ