Goldman Sachs-backed AirTrunk up for sale

Singapore-based AirTrunk, backed by private equity firms, like Goldman Sachs, is up for auction, reported Data Economy. The company is estimated to be valued at $2.09 billion.

Founded in 2014, the technology company develops and operates data centers. Currently, it is building one of its largest facilities to open in the second half of 2020. Taking up four hectares of land, SYD2 will deliver 110 megawatts of capacity. According to a report by the Australian Financial Review, the investment is of more than $1 billion.

The start-up had secured $400 million from investment bank Goldman Sachs specifically to build out two flagship data center sites in Australia – one in Melbourne and another in Sydney just eight months previously.

AirTrunk opened its first Australian data centre in Western Sydney in September 2017, followed by its second in November 2017, located at Derrimut in Western Melbourne, Victoria.