Dallas-based Compass Datacenters is planning to develop up to $3 billion in new data center campuses in the near future, after receiving additional investments from new and existing investors.
Existing investors include RedBird Capital Partners and the Ontario Teachers’ Pension Plan, as well as new investor Azrieli Group, an Israeli real estate development company.
According to Compass, the investments reinforce Compass’s momentum across its key markets, and will allow the company to accelerate its growth plans and better serve its customer base.
Compass recently broke ground on its first two data center campuses in Phoenix and Northern Virginia. The company is actively developing campuses in core markets that demonstrate high demand from cloud and hyperscale companies.
Compass operates data centers in Columbus, Ohio; Dallas/Fort Worth; Loudoun County, Va.; and Phoenix. The company serves cloud and SaaS providers, enterprises, co-location and hosting companies, and customers with distributed infrastructure requirements. It has constructed more than $4 billion data centers and edge worldwide, operating more than 10 million square feet of raised floor facilities, according to the Compass website.