Singapore-headquartered DayOne Data Centers closed a landmark Series C round of over US$2 billion in January 2026 — one of the largest private capital raises in the global data centre sector — led by Coatue with participation from Indonesia's sovereign wealth fund, the Indonesia Investment Authority. The company subsequently moved toward a US listing, with Bloomberg reporting in mid-March that DayOne was close to confidentially filing an IPO registration with the SEC. Sources familiar with the matter said the company was targeting a valuation of up to $20 billion and aiming to raise as much as $5 billion, with JPMorgan, Morgan Stanley, Bank of America, and Citigroup working on the deal.

DayOne operates across a multi-country Southeast Asian footprint spanning Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Tokyo, Hong Kong, and Finland. Its proprietary hub-and-spoke SIJORI model — integrating Singapore's connectivity, Johor's cost efficiencies, and Batam's Special Economic Zone advantages — has become a template for how next-generation hyperscale operators structure pan-regional AI infrastructure. The company has secured customer commitments approaching 1 gigawatt of capacity, described by management as one of the fastest growth trajectories among global hyperscale platforms. Prior to the Series C, DayOne had already raised $1.9 billion across Series A and Series B rounds in 2024, and secured a separate €1 billion debt facility from Brookfield Asset Management.

The DayOne story reflects a wider structural shift: APAC digital infrastructure is consolidating rapidly around a handful of independent, AI-native platforms capable of deploying at hyperscale speed. For executives and investors across the region, the company's planned US listing — with a possible dual listing in Singapore also under consideration — would create a significant new publicly traded vehicle for APAC data centre exposure. The Forrester Asia Pacific Tech Market Forecast projects over US$437 billion in regional tech spending between 2025 and 2030, with computer equipment growing fastest at 13.7% annually, driven precisely by the kind of AI-optimised data centre buildout DayOne is executing.

While DayOne's footprint does not currently extend to India, its capital-raising trajectory and IPO ambitions are directly relevant to Indian market participants watching how regional AI infrastructure platforms are being valued globally. Blackstone's $600 million equity investment in Mumbai-based Neysa — targeting the deployment of over 20,000 GPUs for sovereign AI compute — is India's equivalent inflection point: private equity capital at scale backing a domestic AI infrastructure platform aligned with national policy objectives. Blackstone's Amit Dixit explicitly framed the Neysa deal as backing the 'picks and shovels' of AI in India, mirroring the same investment logic driving DayOne's valuation. Forrester's Asia Pacific forecast projects 13.4% tech spending growth in India in 2026, the fastest in the region, driven by cloud adoption and data localisation rules — precisely the conditions that made DayOne's APAC buildout compelling to global investors.

India's Own AI Infrastructure Boom Echoes DayOne's Regional Playbook

Singapore is the legal and operational headquarters of DayOne, and the company's planned US listing — with a possible concurrent Singapore Exchange dual listing under consideration — would represent one of the most significant technology capital markets events originating from the city-state in years. DayOne's SIJORI model anchors Singapore at the top of a tri-national digital corridor, drawing on the city's world-class submarine cable connectivity and hyperscaler tenant relationships while deploying physical capacity in lower-cost Johor and Batam. A $20 billion IPO valuation would validate the Singapore government's sustained infrastructure investment thesis and add a major new data centre operator to global institutional portfolios with a Singapore label attached. For Singapore-based investors and infrastructure funds, the confidential SEC filing is the first concrete signal that the listing timeline is real and near-term.

DayOne's US IPO Would Cement Singapore as APAC's AI Infrastructure Capital

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What DayOne's $2B raise, 1GW of customer commitments, and a $5B US IPO filing tell you about where APAC's AI infrastructure race is really heading.

$20B target: Singapore data centre eyes US IPO

The hyperscale data centre operator is racing to list in New York as it deploys AI-ready capacity across the SIJORI corridor and beyond.

DayOne's trajectory from a GDS Holdings spin-off in 2022 to a company targeting a $20 billion US IPO in under four years is a compressed version of how AI-driven capital has reshaped APAC's digital infrastructure sector. Having raised nearly $4 billion in equity across three rounds — and now seeking a $7 billion loan facility ahead of listing — the company's balance sheet is being constructed explicitly to fund a 1GW customer commitment pipeline across Southeast Asia, Japan, Hong Kong, and Europe. The participation of SoftBank Vision Fund, Hillhouse, Coatue, and Indonesia's INA in successive rounds signals that both US technology-focused capital and Asian sovereign wealth are converging on the same thesis: that independent, AI-ready hyperscale platforms outside China are chronically undersupplied.

For APAC markets specifically, a DayOne public listing would have several cascading effects. It would set a pricing benchmark for comparable regional data centre assets — including those held privately by GIC, Temasek, and various infrastructure funds. It would also intensify competitive pressure on incumbent operators in Malaysia and Indonesia to accelerate their own capacity buildout or seek consolidation. The Forrester forecast growth rate of 13.7% for computer equipment spending across Asia Pacific, driven by hyperscaler AI capex, suggests the demand backdrop underpinning DayOne's expansion is durable rather than cyclical — a point that will be tested publicly once the company's S-1 registration lands.

The confidential SEC filing puts a regional data centre operator at the centre of global AI capital markets for the first time.

A $20B IPO Would Make DayOne APAC's Defining Infrastructure Listing of 2026

Singapore's DayOne Eyes $20B Valuation in US IPO After Record $2B Raise

DayOne Data Centers Limited, an independent, Singapore-headquartered hyperscale data center platform, announced it has entered into definitive agreements for over US$2.0 billion dollar Series C equity financing, marking one of the largest private capital raises in the data center sector. This round was led by existing global investor, Coatue, and supported by additional leading institutions, including the Indonesia Investment Authority (INA), Indonesia's sovereign wealth fund. The funding, completed in early January, drew investors from the United States, Europe and Asia-Pacific.

The financing builds upon the aggregate $1.9 billion that DayOne previously raised across its Series A and Series B equity rounds in 2024, as well as the up to €1 billion ($1.17 billion) mezzanine debt facility secured in 2025 from Brookfield and a sovereign investor. The company was spun out from Chinese data center giant GDS Holdings as an independent entity in 2024. The company's portfolio currently comprises more than 500MW of data center capacity in service and under construction, and more than 500MW held for future development across sites in Hong Kong, Singapore, Malaysia (Johor), Indonesia (Batam), and Japan (Tokyo).

In Asia-Pacific, the capital will be deployed to support the continued scale-out of DayOne's footprint across the SIJORI (Singapore–Johor–Riau Islands) region—comprising Singapore, Johor and Batam—as well as markets in Thailand, Japan and Hong Kong, enhancing DayOne's ability to deliver high-density, AI-ready capacity with speed and sustainability. These investments will strengthen delivery across DayOne's secured customer commitments of approximately 1GW, reflecting one of the fastest growth trajectories among next-generation hyperscale infrastructure platforms. The funding arrives as demand for AI compute infrastructure surges across APAC, with hyperscale cloud providers racing to secure data center capacity.

The capital will be deployed to support the continued scale-out of DayOne's footprint across the SIJORI (Singapore–Johor–Riau Islands) region—comprising Singapore, Johor and Batam—as well as markets in Thailand, Japan and Hong Kong. Singapore's strategic location and supportive regulatory environment continue attracting major data center investments, with the city-state serving as the regional headquarters for hyperscale operations across Southeast Asia.

Singapore Cements Position as Regional Data Hub

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DayOne's record-breaking funding drives aggressive Asian expansion in AI-ready infrastructure, with new campuses across SIJORI region.

$2 billion raises bar for APAC data center funding wars

Led by Coatue and Indonesia's sovereign fund for hyperscale AI infrastructure expansion.

Together, these two deals accounted for more than $2.1B, roughly 70% of all APAC cleantech venture capital in the quarter. It's become the norm the world over, with much of the world's focus narrowing to the thematic imperative of securing AI infrastructure capabilities. DayOne's raise represents the largest data center funding round in APAC this year.

Robert Yin, General Partner & Head of AI Infrastructure at Coatue, said: "DayOne continues to rapidly expand its data center platform in APAC and Europe, exceeding our expectations and delivering on strong demand for AI and hyperscale infrastructure." The involvement of sovereign wealth funds like Indonesia's INA signals government recognition of digital infrastructure as critical economic enabler across the region.

Regional demand for AI infrastructure drives record-breaking private capital deployment.

APAC Data Centers Enter New Funding Era

Singapore Data Giant DayOne Secures $2 Billion Series C

Singapore-based DayOne Data Centers has closed a $2.0 billion Series C equity financing, marking one of the largest private capital raises in the data center sector. This round was led by existing global investor, Coatue, and supported by additional leading institutions, including the Indonesia Investment Authority (INA), Indonesia's sovereign wealth fund. The deal represents a strategic deepening of partnerships across APAC's digital infrastructure landscape.

The massive funding round comes as DayOne specializes in the design and engineering of prefabricated high-performance compute modules that can be deployed as standalone facilities. The DayOne deal shows a shifting of perceptions in APAC, with INA, Indonesia's sovereign wealth fund, willing to put national-level backing behind a data center company. This marks a significant milestone in sovereign wealth fund participation in critical digital infrastructure projects across the region.

The Series C will accelerate DayOne's expansion across key APAC markets. In Asia-Pacific, the capital will be deployed to support the continued scale-out of DayOne's footprint across the SIJORI (Singapore–Johor–Riau Islands) region—comprising Singapore, Johor and Batam—as well as markets in Thailand, Japan and Hong Kong. These investments will strengthen delivery across DayOne's secured customer commitments of approximately 1GW, reflecting one of the fastest growth trajectories among next-generation hyperscale infrastructure platforms.

DayOne's record Series C reinforces Singapore's position as the premier data center headquarters for APAC expansion. The capital will be deployed to support the continued scale-out of DayOne's footprint across the SIJORI (Singapore–Johor–Riau Islands) region, leveraging Singapore's strategic location and regulatory framework to anchor regional growth. The deal positions Singapore-based operators to capture increasing demand for AI-ready infrastructure across Southeast Asia.

Singapore Cements Role as APAC Data Center Hub

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How Singapore's DayOne secured record funding from Indonesia's sovereign wealth fund for AI infrastructure expansion across Thailand, Japan and Hong Kong.

$2B Series C Marks Largest APAC Data Center Funding Round

Singapore-based AI infrastructure firm secured massive funding from Coatue and Indonesia's sovereign wealth fund.

The participation of Indonesia's sovereign wealth fund in DayOne's record Series C marks a broader trend of government-backed investment in critical digital infrastructure across APAC. INA's partnership with DayOne began with a shared conviction that digital infrastructure is a critical enabler of long-term economic competitiveness.

This strategic alignment reflects APAC governments' recognition that AI-ready data center capacity has become essential national infrastructure. Across the region's largest deals, government-backed funds, state-owned banks, and sovereign investors showed up repeatedly, indicating a coordinated approach to securing technological sovereignty in the AI era.

Indonesia's wealth fund participation signals growing government support for AI infrastructure across the region.

APAC Digital Infrastructure Gets Sovereign Backing Boost

DayOne Data Centers Raises Record $2 Billion Series C

Singapore-headquartered hyperscale data center platform DayOne Data Centers announced on January 5, 2026, that it closed over $2.0 billion in Series C equity financing, marking one of the largest private capital raises in the data center sector. The round was led by existing global investor Coatue, with participation from Indonesia Investment Authority (INA), Indonesia's sovereign wealth fund, among other leading institutions. The financing attracted a broad base of global investors from the United States, Europe and Asia-Pacific, further diversifying DayOne's shareholder base and strengthening its international expansion capabilities.

The capital will be deployed to support continued scale-out of DayOne's footprint across the SIJORI (Singapore–Johor–Riau Islands) region—comprising Singapore, Johor and Batam—as well as markets in Thailand, Japan and Hong Kong, enhancing DayOne's ability to deliver high-density, AI-ready capacity. These investments will strengthen delivery across DayOne's secured customer commitments of approximately 1GW, reflecting one of the fastest growth trajectories among next-generation hyperscale infrastructure platforms. DayOne started as GDS International in 2022 to house GDS Holdings' non-China assets, before being renamed and gaining independence in January 2025.

The surge in AI usage and concentrated investing in AI companies requires infrastructure and 'picks and shovels' to enable deployment, with data centers representing another critical piece alongside AI chip companies that have fetched rich premiums in public markets. This capital raise highlights how data center investment has become central to national and regional digital competitiveness, with investors' willingness to commit large sums signaling belief that scalable, resilient infrastructure will be critical in supporting next-generation digital services globally. DayOne is targeting a $20 billion IPO valuation, with its current 24% stakeholder GDS Holdings potentially enjoying a $5 billion payday.

Indonesia Investment Authority (INA), Indonesia's sovereign wealth fund, was among the leading institutions supporting DayOne's $2 billion Series C financing round. INA CEO Ridha Wirakusumah stated that the partnership began with shared conviction that digital infrastructure is critical for long-term economic competitiveness, with the Series C investment deepening their partnership at the global platform level.

The capital will support DayOne's continued expansion across the SIJORI region, including Batam in Indonesia's Riau Islands, as part of the company's strategy to deliver high-density, AI-ready capacity across Southeast Asia. DayOne's Batam facilities, located just 20 kilometers from Singapore, deliver cost efficiency and seamless submarine cable connectivity within a business-friendly Special Economic Zone.

Indonesian Sovereign Fund Backs Regional Data Center Growth

Setting the benchmark for precision-engineered data centers, DayOne's facility in Singapore is pioneering cutting-edge SOFC power generation technology to deliver energy-efficient, high-density capacity from Asia's leading digital hub. The participation of investors from the United States, Europe and Asia-Pacific aligns closely with DayOne's development strategy and focus on Asia-Pacific and Europe, reinforcing Singapore's role as a regional financial and technology center.

DayOne's SIJORI model creates a first-of-its-kind digital platform integrating Singapore with neighboring Johor and Batam, leveraging Singapore's connectivity advantages while accessing cost-efficient resources in Malaysia and Indonesia's business-friendly expansion ecosystem.

Singapore Cements Position as APAC Data Center Hub

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Singapore hyperscale platform secures record funding to fuel AI infrastructure across Southeast Asia and beyond.

Asian startup funding reached $27.4 billion in Q1 2026, up 20% from the prior quarter and nearly double year-ago levels, hitting its highest level in more than three years. The quarter's largest late-stage round was DayOne's $2 billion Series C, representing a significant portion of the $11.7 billion in later-stage and technology-growth deals across Asia.

DayOne's proprietary hub-and-spoke SIJORI model integrates Singapore, Johor and Batam into a regional infrastructure network that draws on Singapore's world-leading connectivity, Johor's cost-efficient resources, and Batam's business-friendly ecosystem. Through high-density, liquid-cooling designs, renewable power pathways, and rapid-deployment prefabricated models supported by strong utility partnerships, DayOne is positioned to deliver scalable, resilient infrastructure across markets.

DayOne's $2B raise reflects growing demand for AI-ready capacity across Southeast Asia.

Record Funding Signals APAC's Data Center Infrastructure Boom

DayOne Closes $2B Series C for APAC Data Center Expansion

DayOne Data Centers, the Singapore-headquartered hyperscale data center platform, closed definitive agreements for over $2.0 billion in Series C equity financing in January, marking one of the largest private capital raises in the data center sector. The round was led by existing investor Coatue and supported by Indonesia Investment Authority (INA), Indonesia's sovereign wealth fund. The Series C attracted global investors from the United States, Europe and Asia-Pacific, further diversifying DayOne's shareholder base and aligning with its development strategy focused on Asia-Pacific and Europe. The funding will strengthen delivery across DayOne's secured customer commitments of approximately 1GW, reflecting one of the fastest growth trajectories among next-generation hyperscale infrastructure platforms.

This was not DayOne's first major investment haul, as the company had previously raised $1.9 billion across its Series A and Series B deals in 2024, and secured a debt facility of up to €1 billion from Brookfield Asset Management and an unnamed sovereign investor in 2025. DayOne began life as GDS International, formed in 2022 to house the non-China assets of GDS Holdings, China's largest data center operator. GDS International raised its $587 million Series A from funds including Hillhouse and Boyu Capital before completing a $1 billion Series B at the end of 2024 and rebranding to DayOne in January 2025.

The capital will be deployed to support continued scale-out across the SIJORI (Singapore–Johor–Riau Islands) region and markets in Thailand, Japan and Hong Kong, enhancing DayOne's ability to deliver high-density, AI-ready capacity. In Europe, proceeds will advance development of DayOne's Finland platform, centered on major hyperscale campuses in Lahti and Kouvola. With DayOne targeting a $20 billion IPO valuation, its former parent GDS Holdings' estimated 24% stake could be worth $5 billion, creating significant returns for early investors betting on AI infrastructure demand.

Indonesia Investment Authority (INA), Indonesia's sovereign wealth fund, was among the key participants supporting DayOne's record Series C funding round alongside global investors. INA CEO Ridha Wirakusumah emphasized that the partnership began with shared conviction that digital infrastructure is a critical enabler of long-term economic competitiveness, with this Series C investment representing a deepening of partnership at the global platform level. DayOne's Batam facilities, located just 20 kilometers from Singapore, deliver cost efficiency and seamless submarine cable connectivity within Indonesia's business-friendly Special Economic Zone, positioning the nation as a key node in Southeast Asia's digital infrastructure backbone.

Indonesian Sovereign Fund Backs Regional Digital Strategy

DayOne's Singapore facility is setting the benchmark for precision-engineered data centers, pioneering cutting-edge SOFC power generation technology to deliver energy-efficient, high-density capacity from Asia's leading digital hub. The company's proprietary SIJORI (Singapore-Johor-Riau Islands) model creates a first-of-its-kind digital platform integrating Singapore's world-leading connectivity with neighboring Malaysia and Indonesia, establishing a future-ready regional infrastructure network. This massive funding reinforces Singapore's strategy as the digital infrastructure gateway for Southeast Asia's growing AI and cloud computing demands.

Singapore Cements Position as Regional Data Hub Leader

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Data center operator closes largest private funding round in sector history.

As global demand for AI and cloud infrastructure accelerates, customers are increasingly looking for partners that can deliver at scale, with speed and sustainability across multiple regions, strengthening the need for high-performance, AI-ready capacity. The surge in AI usage, visible in increased spending from tech giants and concentrated investing in AI companies, only delivers results if the infrastructure and 'picks and shovels' are there to enable it, with AI chip companies fetching rich premiums and data centers being another critical piece.

DayOne is at least the third data center operator to have closed a 10-figure funding round in the past six months, following Lambda Inc.'s $1.5 billion raise in November and Nscale Global Holdings' $1.1 billion from a consortium including Nvidia and Dell Technologies. Despite concerns about AI's huge billing, investment in AI infrastructure including hyperscale data centers has continued unabated, with quarterly hyperscale operator capex rocketing by almost 180% over the last three years to reach $142 billion in Q3 2025.

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News Coverage

Singapore's DayOne Eyes $20B Valuation in US IPO After Record $2B Raise

Singapore Data Giant DayOne Secures $2 Billion Series C

DayOne Data Centers Raises Record $2 Billion Series C

DayOne Closes $2B Series C for APAC Data Center Expansion

Singapore's DayOne Secures Record $2 Billion Series C