DataBank growth recognised in Deloitte Technology Fast 500
Driven by record demand for data centres on the back of emerging AI workloads, DataBank has been recognised by Deloitte as one of the fastest growing technology companies in the United States, having demonstrated a 234% growth.
DataBank has been recognised as matching growing demand through its strategic land investments and innovative infrastructure. In the midst of a looming GPU shortage, this award reaffirms the company’s leadership in the data centre space, particularly following its latest land acquisition earlier in the month.
For nearly 30 years, the Deloitte Technology Fast 500 has provided a ranking of the fastest-growing companies across technology, media, telecommunications, life sciences, fintech and energy, both public and private, in North America.
Rapid and significant growth during a time of mass technological change
DataBank is a leading provider of enterprise-class data centre, cloud and interconnection services and offers customers huge availability of data, applications and infrastructure. The company has data centre sites in locations across North America, including Dallas, Minneapolis, Kansas City, Cleveland, Pittsburgh, Salt Lake City and Atlanta.
It works to manage or operate major network facilities in each of these regions by providing uninterrupted access to customer data, applications and IT equipment.
The company has seen exponential growth throughout 2023 in particular, having both broken ground and completed expansions on a number of sites in order to meet high demands in the regions that it serves.
With data centre demand continually increasing in the midst of global digital transformation efforts, DataBank is doing well to stay ahead. Data centre companies are being tested in the wake of greater adoption of technologies like cloud computing, the Internet of Things (IoT) and the Internet of Everything (IoE), leading to greater demand for data centres around the world.
As of 2023, DataBank recommenced fundraising efforts for future developments. In May 2023, it began construction on a new 40MW data centre in Atlanta, Georgia. The colocation facility will feature 200,000 square feet of raised floor space and four megawatts of power, making it ideal for hyperscalers, high-density computing and high-performance computing workloads.
DataBank CEO: Our technology adoption will continue “for decades to come”
CEO of DataBank, Raul Martynek, has credited the increased demand to its enterprise, hyperscale and AI customers. He also attributes DataBank’s 234% revenue growth to the company’s ability to meet this rise in demand with strategic land investments and infrastructure innovations.
He says: “Over the past year, DataBank delivered exceptional results and consistently surpassed expectations. The investments we’ve made to expand our geographic footprint to more than 27 markets and develop a more flexible data hall design have allowed us to match the increased demand for data centres over the past three years.”
In August 2023, Martynek told Data Centre Magazine: “DataBank is well-positioned to continue to grow into the future. The market dynamics are very positive, and I think technology adoption will continue for decades to come.”
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