DayOne looks at upsized Series C, Stitch raises $25M, General Atlantic invests in grid reliability
Axios
Last updated: May 15, 2026
DayOne Data Centers, a Singapore-based firm, is reportedly considering significantly increasing its Series C funding round to over $4 billion. This potential upsize comes shortly after a substantial $2 billion Series C round completed in January, which was led by Coatue Management.
- DayOne Data Centers is exploring options to enhance its financial capacity by potentially increasing its Series C funding round to over $4 billion. This move follows a successful $2 billion Series C funding round initiated in January, with Coatue Management as the lead investor. In addition to the equity financing, the company is also in discussions to secure a $1 billion credit facility, as reported by Bloomberg. The substantial capital infusion aims to support the company's growth and operational expansion within the data center sector. This strategic financial maneuver indicates an aggressive expansion strategy and a strong investor confidence in DayOne Data Centers' future prospects and market position. The increased funding will likely be directed towards new infrastructure development, technological advancements, and potentially geographical expansion to meet growing demand for data storage and processing capabilities.
