AirTrunk Raises S$450 Million to Build Singapore Data Center

(Bloomberg) — Data center startup AirTrunk has raised S$450 million ($332 million) in debt and equity to help build its first Singapore facility as part of a multi-billion dollar plan to become a regional technology powerhouse.

The Goldman Sachs Group Inc. and TPG Sixth Street Partners-backed company has already spent more than A$1 billion ($712 million) on two data centers in Australia and will open its Singapore facility in two phases, according to founder Robin Khuda.