Vantage Data Centers' Growth Continued in 2024 Driven by AI and Cloud Adoption; Secured a Record $13 Billion in Incremental Funding
Jan 30, 2025 - financialpost.com
Vantage Data Centers experienced significant growth in 2024, driven by increased demand for cloud computing and AI. The company secured over $13 billion in funding from new and existing investors, facilitating expansion into new markets and the development of multiple campuses. Notable investments included a $9.2 billion equity investment led by DigitalBridge and Silver Lake, and a €1.4 billion investment for the EMEA platform. Vantage also expanded in North America with a $3 billion green loan from Wells Fargo. The company launched new campuses in Dublin, Ohio, and other regions, increasing its global capacity to over 2.6GW across 35 campuses in 14 countries.
Vantage continued to focus on sustainability, aiming for net zero carbon emissions by 2030, and engaged in community initiatives, particularly in Ohio. The company appointed new regional presidents and a chief technology & innovation officer to support its growth. Vantage's employee base grew by 32% in 2024, reaching over 1,700 employees. The company maintained a strong safety record with a Total Recordable Incident Rate of 0.26, despite an increase in hours worked.
Key takeaways:
Vantage Data Centers experienced significant growth in 2024, driven by increased demand for cloud computing and AI, securing over $13 billion in funding.
The company expanded its global footprint by entering two new markets, breaking ground on six campuses, and opening 11 facilities.
Vantage made strategic capital investments, including a $9.2 billion equity investment led by DigitalBridge and Silver Lake, and secured additional funding for its EMEA and APAC platforms.
Vantage maintained a focus on sustainability, aiming for net zero carbon emissions by 2030, and engaged in community partnerships and safety initiatives.
