Princeton Digital Group raises over $500Mn
By MYBRANDBOOK
Data centre company Princeton Digital Group has closed an equity investment of more than $500 million led by Mubadala Investment Company. The company serves hyperscalers, internet and cloud companies and financial institutions with scalable internet infrastructure and data centre services to meet the increasing demand across Asia.
These funds will help PDG consolidate its position as a pan-Asia data centre operator by deepening its presence in Japan, India, Singapore, China, and Indonesia and accelerating its expansion plans into other markets.
“Mubadala’s track record of long-term investments combined with extensive know-how in the digital infrastructure space makes it a great partner as we continue to scale up our business,” said Rangu Salgame, cofounder, chairman and CEO of PDG.
PDG has a portfolio of 20 data centres and serves internet, cloud companies, and financial institutions with scalable and reliable infrastructure.
Khaled Abdulla Al Qubaisi, CEO, real estate and infrastructure investments at Mubadala said, “We look forward to working with PDG’s management team to capitalise on the growth opportunities and create not only sustainable, long-term value creation, but also support Asia’s digital infrastructure development as a vital enabler to economic progress.”
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