Airtrunk Raises $350 Million USD for 60MW Data Center in Singapore
by Josh Anderson
SINGAPORE — AirTrunk has completed a SGD $450 million ($352 Million USD) round of financing to begin expansion across the Asia Pacific with the development of a 60+ megawatt hyperscale data center in Singapore. The debt financing was undertaken with three global financial institutions, Deutsche Bank, Goldman Sachs and Natixis, with additional equity capital from its founder and Chief Executive Officer, Robin Khuda, and shareholders, Goldman Sachs and TPG Sixth Street Partners. AirTrunk was advised by Grant Samuel, Norton Rose Fulbright and Rajah & Tann.
The new Singapore development is a major step in the company’s ambitious Asia-Pacific growth strategy. It has been driven by strong customer demand for AirTrunk’s market-leading hyperscale solutions and follows the success of its flagship Australian operations in Sydney and Melbourne.
“We are immensely proud to be the first Australian operator to build a hyperscale data center in Singapore. Throughout the financing process, we received strong interest from global financial institutions in recognition of AirTrunk’s proven hyperscale model backed by long-term customer commitments. This additional SG$450 million financing provides us with a strong balance sheet to pursue further growth and become the preeminent hyperscale data center operator in the region,” said Robin Khuda, Founder and Chief Executive Officer of AirTrunk.
The state-of-the-art facility will be the largest neutral data center in Singapore, with more than 60 megawatts of IT load, and is specifically designed for hyperscale cloud, content and enterprise customers. The site, located in Loyang, is strategically positioned near the Changi North Cable Landing Station, a key sub-sea internet landing station for international interconnection. The carrier-neutral facility will be serviced by multiple fiber paths and a dedicated high-voltage substation will provide highly reliable and cost-effective power solutions for customers. AirTrunk’s substantial investment in Singapore over the coming years will bring benefits to the local economy and create hundreds of jobs during construction and ongoing operations. Like its other facilities, AirTrunk’s Singapore data center is designed to meet the stringent security requirements of its customers including TVRA, ISO27001, PCI-DSS and ISAE 3402 Type 2.
“The rapid growth of cloud and evolving needs of enterprises are driving demand for hyperscale capacity in the region. Singapore is a strategic data center hub due to its economic and political stability and rich connectivity to Asia, the USA, and Europe,” added AirTrunk’s Chief Commercial Officer and Executive Director, Michael Juniper. “AirTrunk’s inaugural Singapore data centre is set to be operational in mid-2020 and will showcase our unmatched deployment speed, scalability, reliability and cost efficiency. We are committed to developing a sustainable digital ecosystem, delivering an industry-low power usage effectiveness (PUE) and BCA Green Mark Platinum certification.”
About AirTrunk: AirTrunk is a hyperscale data center specialist creating a platform for cloud, content and large enterprise customers across the Asia-Pacific region. The company develops and operates data center campuses with industry leading reliability, technology innovation and energy efficiency. AirTrunk’s unique capabilities, designs and construction methodologies allow it to provide customers with a scalable and sustainable data center solution at a significantly lower operating cost than other providers. AirTrunk is a private company that is well capitalized to fund its development of data centers across Asia Pacific.