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DataBank
Rendering of DataBank’s DFW10, the second of eight two-story data centers in DataBank's campus in Red Oak, south of Dallas. [Image: DataBank]
DataBank Snags $2B Loan To Build First 3 of 8 Data Centers South of Dallas
by David Seeley | Apr 21, 2026
According to a Business Insider report, Oracle will be the tenant for all three data centers, as well as the fourth one planned at the campus in Red Oak. Tokyo-based MUFG Bank, Ltd. was the administrative agent, coordinating lead arranger, and sole bookrunner on the $2 billion loan.
by David Seeley |
Apr 7, 2026
L.A. is one of America's "most supply-constrained data center markets," DataBank noted. The new 32MW data center, located in the suburb of Vernon just south of the city, will meet the growing demand for high-density, scalable data center capacity that the L.A. region is currently seeing from cloud, AI, and enterprise customers.
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by Lance Murray |
Jun 26, 2025
The DataBank Employee Ownership Program "has the potential to generate a meaningful wealth-building opportunity" by providing a one-time bonus of up to 12 months compensation in addition to an employee's regular salary and benefits, the company said.
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by Lance Murray |
Jan 30, 2025
DataBank—a data center company providing edge colocation, interconnection, and managed services—said the new funding resulted from "excess investor interest" in its recent $2 billion primary equity round. Total debt and equity raised by DataBank in the past 18 months: nearly $5 billion.
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[Image: metamorworks/istockphoto]
DataBank Announces New 480MW North Texas Data Center Campus Featuring Eight Two‑Story Data Centers
by Lance Murray | Sep 10, 2024
DataBank is building a 480MW data center campus in Red Oak, its third new campus announced in the past 12 months. Construction is underway, with the first phase set to be operational by the second quarter of 2026, aimed at meeting the growing demand from A.I. and cloud applications.
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by David Seeley |
Mar 4, 2024
U.S. startups received $20.6 billion in angel investments and VC funding in Q4 of 2023, according to a report by York IE. Over $730 million of that was raised by companies in the Dallas metro area—marking 195% growth over the region's average quarterly funding over the prior 12 months. Here's which 3 North Texas companies raised the most.
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by Lance Murray |
Nov 29, 2023
The Dallas-based company said the financing consists of two separate transactions: $188 million in equity raised from existing and new investors, and a $345 million construction loan for a new data center under development in the Atlanta market.
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by David Seeley |
Nov 8, 2023
Deloitte's annual ranking tracks the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech, and energy tech sectors. See which 10 local companies made the Tech Fast 500 list—including two that cracked the Top 50.
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A DataBank data center near Legacy Park in Plano. [Photo: DataBank]
DataBank Secures Another $325M in Financing to Expand Edge Data Center Footprint
by Lance Murray | Apr 5, 2023
DataBank, a Dallas-based provider of enterprise-class edge colocation, interconnection, and managed cloud services, has secured another $325 million in financing to fund the ongoing expansion of its edge data center footprint.
Led by TD Securities, the $325 million credit facility includes a $175 million five-year term loan, a $125 million delayed draw term loan that is undrawn at close, and a $50 million revolving credit line....
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by Lance Murray |
Jan 25, 2023
DataBank, the Dallas-based provider of enterprise-class colocation, interconnection, and managed services, appointed Jennifer Curry senior vice president of managed services.
“At DataBank, we recognize that data centers are the center of the connected world,” DataBank CEO Raul Martynek said in a statement....
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by Kevin Cummings |
Sep 9, 2022
In this week’s North Texas deal flow, you’ll also find news about Dallas startup VRGL raising $15M six months after launching, S2 Capital’s $400M multifamily investment fund, CBRE leading $125M Series E for proptech firm VTS, CVS Health acquiring Signify Health for $8B, BenefitMall’s latest acquisition, and more.
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by David Seeley |
Aug 31, 2022
DataBank—a leader of the booming data center market, with over 65 data centers and 20 interconnection hubs in over two dozen metros—welcomed a new group of investors in the deal, led by Swiss Life Asset Management, EDF Invest, Northleaf Capital Partners, and Ardian.
"This new investor group will provide the financial backing required to continue to scale DataBank’s leading edge infrastructure platform," CEO Raul Martynek told Dallas Innovates.
"This new investor group will provide the financial backing required to continue to scale DataBank’s leading edge infrastructure platform," CEO Raul Martynek told Dallas Innovates.
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With the acquisitions, DataBank’s reach now includes 27 metro markets—the largest geographic footprint of any data center operator in the U.S.
Dallas-Based DataBank Acquires Four Houston-Area Data Centers From CyrusOne for $670M
by David Kirkpatrick | Jan 20, 2022
With the acquisitions, DataBank’s reach now includes 27 metro markets—the largest geographic footprint of any data center operator in the U.S.
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by Maddie Preston |
Jan 14, 2022
In this week's roundup of hires, promotions, and accolades in North Texas, you'll also find news from CrossFirst Bankshares, Johnson & Sekin, DataBank, Balfour Beatty, Caspr Group, Mohr Partners, One Network, Kainos Capital, The Dallas Foundation, Denton County Transportation Authority and Indio Management.
Plus, the incoming AIA Dallas President charts a way forward for 2022 and Gov. Abbott appoints a North Texas to the Broadband Development Council.
Plus, the incoming AIA Dallas President charts a way forward for 2022 and Gov. Abbott appoints a North Texas to the Broadband Development Council.
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by Lance Murray |
Feb 6, 2020
In this weekly roundup of funding, merger and acquisition activity in North Texas, you’ll also find news from Worlds, Tricolor, Puration, Atos, Kriya Capital, Kofile, and more.
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by Lance Murray |
Jan 21, 2020
Cushman & Wakefield evaluated 1,162 data centers across 38 global markets in its just-released Data Center Market Comparison.
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