has netted a $1.5 billion investment from an Australian investment fund as the tech company continues to grow with the AI and cloud computing boom.
The money from AustralianSuper will make it a “significant minority investor” in DataBank. AustralianSuper will also add a member to the tech company’s board. DataBank pulled in another $483 million from existing investors, giving it more money to invest in data centers.North Texas is in the midst of a data center boom as companies look for future capacity with the anticipated demands from emerging AI projects.
DataBank has had a series of significant investments going back to 2016, when Florida investment firm DigitalBridge bought DataBank in 2016. DigitalBridge then sold a $1.5 billion, 35% share in the Dallas company in 2022 to a consortium of investment firms. DataBank has raised about $4 billion in debt and equity in the last two years, the company said.
The Texas Research Quarter is betting big on making Plano and North Texas a hub for life sciences. The development by Dallas-based NexPoint is slated to host labs and manufacturing space in H. Ross Perot Sr.’s former EDS campus in Plano’s Legacy neighborhood. Here are five things to know about the project and what it could mean for Plano.The Texas Research Quarter, a redevelopment project by Dallas company NexPoint, is bidding on transforming H. Ross Perot Sr.