DataBank Recognized as One of America's Fastest-Growing Companies by Inc. 5000
DataBank, a Dallas-based data center provider, announced on August 19, 2024, that it has been recognized as one of America's fastest-growing companies by Inc. 5000, ranking at #2515 overall and #167 in the IT Services segment. The company has achieved a 3-year revenue growth of 206%. Since 2020, DataBank has expanded from 20 data centers in 3 markets to over 70 facilities in more than 27 metros around the U.S., making it the largest data center provider in the country. This growth has been supported by multiple investment rounds, including a $658M securitization in 2021, a $1.9B recapitalization in August 2022, a $715M securitization in March 2023, a $533M debt and equity financing in November 2023, and a $456M securitization in February 2024.