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Rise of Artificial Intelligence Helps Spur DataBank's Latest Capital Raise

DigitalBridge Portfolio Company Raises $533 Million for Data Centers

An IT professional is on her laptop in a data center. DataBank has raised $533 million in debt and equity to add to its data center portfolio. (Getty Images)
An IT professional is on her laptop in a data center. DataBank has raised $533 million in debt and equity to add to its data center portfolio. (Getty Images)

Data center provider DataBank has raised $533 million in debt and equity to build U.S. data centers to meet the demand for capacity, spurred by the rise in the use of artificial intelligence applications.

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