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Texas  + Dallas-Fort Worth  + Industrial  | 
Dallas-based DataBank get $1.5 billion cash infusion

Dallas-Based DataCenter Company Gets Cash Infusion

Dallas-based DataBank sold a 35% stake in the company to a group of investors led by Swiss Life Asset Management, EDF Invest, Northleaf Capital Partners, and Ardian. The price for the stake was $1.5 billion.

DataBank CEO Raul Martynek says the cash infusion will allow them to keep expanding, “This new investor group will provide the financial backing required to continue to scale DataBank’s leading edge infrastructure platform.” Since 2016, DataBank has been building what it calls “an ecosystem” of over 65 data centers and 20 interconnection hubs in over two dozen U.S. metropolitan areas. DataBank has Texas facilities in Dallas, Houston, Austin and Waco.

DataBank says it has “more data centers in more metros than any other provider in the U.S.—public or private” and the ability to put customer workloads “within 100 miles of 60% of the US population.” 

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Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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