One of the largest private data center providers in the United States is poised to get a lot bigger with a new 10-figure injection, adding more fuel to the market. rapidly expanding digital infrastructure market.

Based in Dallas Database has secured $2 billion from a group of investors to significantly expand its data center footprint, which currently includes more than 65 facilities across 27 markets, totaling approximately 330 megawatts of power output. Australia-based pension fund AustralianSuper is the lead financier, committing $1.5 billion in its first investment in the U.S. data center market, according to DataBank.

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Alternative Asset Manager Digital Bridge was also an investor in the latest funding round, according to DataBank, although it’s unclear how much funding the company committed to the data center developer. A DataBank spokesperson did not immediately respond to a request for additional information.

Funding is expected to be finalized by the end of this year. BofA Securities And Citizen Capital Markets served as a financial advisor to DataBank, while Citi Bank » advised AustralianSuper.

DataBank has experienced a funding crisis over the past year, having raised a $725 million credit facility in April, a $456 million securitization in February, a $345 million construction loan in November and $188 million in funding the same month.

Over the past year, the company also announced three major development projects, in South Dallas, Northern Virginiaand Atlanta. Once completed, these projects, along with other facility expansions across the company’s footprint, will collectively add more than 850 MW to DataBank’s portfolio.

Nick Trombola can be contacted at [email protected].