Princeton Digital Group raises $350 million led by Mubadala - Times of India

Princeton Digital Group raises $350 million led by Mubadala – Times of India

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BENGALURU: Singapore-based Princeton Digital Group (PDG) has raised $350 million led by Mubadala Investment. Both existing shareholders in PDG, Warburg Pincus and Ontario Teachers’ Pension Plan Board have participated in this round taking the total funding to over $500 million.
PDG has operations in China, Singapore, India, Indonesia, and Japan, its portfolio of data centres powers expansion of hyperscalers and enterprises in the digital economies across Asia.
The funds will be deployed to consolidate its position as a leading data centre player by deepening its presence in Japan, India, Singapore, China, and Indonesia and accelerating its expansion plans into other markets too. Asia is one of the fastest-growing data centre regions in the world, driven by strong market fundamentals such as a large base of internet users, the growth of digitalization, increased data usage, and an increasing tech-savvy young population.
Khaled Abdulla Al Qubaisi, CEO, real estate and infrastructure investments at Mubadala, said, “PDG is a leading data centre infrastructure platform operating in an attractive market with strong tailwinds and catering to rising demand from the hyperscaler segment and more broadly Asia’s digital economies”
“We are excited to have a leading sovereign fund Mubadala as another blue-chip investor in PDG. Mubadala’s track record of long-term investments combined with extensive know-how in the digital infrastructure space makes it a great partner as we continue to scale our business,” said Rangu Salgame, co-founder, chairman, and CEO of PDG.



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