Data center start-up backed by Goldman Sachs and TPG raises S$450m

AirTrunk, a data center start-up backed by Goldman Sachs and TPG Sixth Street Partners, has raised S$450 million ($333 million) in equity and debt to build its first hyper-scale data center in Singapore.

The Singapore facility will be built in Loyang, near the Changi North Cable Landing Station, a key sub-sea internet landing station for international interconnection.

According to the company, the new 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. It is scheduled to be completed mid-2020.

The new Singapore development is part of AirTrunk's Asia Pacific growth strategy and will see the Australian company boast three facilities in the region.

Headquartered in Singapore and Australia, AirTrunk specializes in building and operating hyperscale data centers aimed at meeting the demand for cloud services in Asia Pacific.