Singapore is raising most of Southeast Asia’s data-center equity, while more of the physical infrastructure is spreading across the region. Five Singapore-headquartered operators account for roughly 98% of the $11.5 billion raised by Southeast Asian data-center companies, according to research firm Tracxn.
DayOne leads with $6.4 billion, followed by Princeton Digital Group at $2.2 billion, ST Telemedia Global Data Centres at $1.3 billion, Singtel’s Nxera at $806 million, and Digital Edge at $640 million. The concentration reinforces Singapore’s role as a financing and corporate base even as operators add capacity in Indonesia, Malaysia, and other regional markets.
Singapore leads data center funding
Southeast Asian data-center companies raised about $11.5 billion across 19 disclosed equity rounds through Aug. 25, according to Tracxn data reported by The Business Times. About 85% of that capital arrived from the start of 2024, compared with a combined $1.68 billion from 2020 through 2023.
The sector raised $4.7 billion in 2026 through Aug. 25, which Tracxn said already made it the region’s largest funding year on record. DayOne’s $4.5 billion Series C accounted for about 96% of that amount.
DayOne said its $4.5 billion Series C, completed June 5, will support expansion in Singapore, Malaysia, Indonesia, Thailand, and other markets. In Malaysia, rapid development is already testing infrastructure limits, with Johor facing tight vacancy, power, and water constraints.
Singapore is also adding capacity under tighter energy-efficiency requirements. Its second Data Centre Call for Application makes at least 200 MW available to qualifying projects and requires a power usage effectiveness rating of 1.25 at full IT load or better, with at least half of a project’s power coming through eligible green-energy pathways. Across APAC, power availability is increasingly influencing AI data-center development.
Where new capacity is going
Indonesia shows how Singapore-headquartered operators are expanding beyond their home market. Princeton Digital Group broke ground in November 2025 on its $1 billion, 120 MW JC3 campus in Greater Jakarta, with the first phase scheduled for delivery in the fourth quarter of 2026.
Digital Edge reached the structural topping-out stage in June on the first building at its planned 500 MW CGK campus in Bekasi. The company also secured 1.45 GW of power for the broader campus, while its first building remains targeted for fourth-quarter 2026 delivery.
Batam is drawing additional AI infrastructure investment. Firmus Technologies is planning a 360 MW Nvidia-powered AI data center there, adding another major project to Indonesia’s expanding compute footprint.
STT GDC is expanding in Indonesia as well. In June, the company said its Jakarta development pipeline exceeded 360 MW of AI-ready capacity, with facilities at different stages of operation and construction.
Singapore’s dominance in equity funding does not translate directly into dominance of new physical capacity. For enterprises planning regional cloud or AI deployments, actual availability will depend on where operators can secure power and bring new capacity online — increasingly in markets such as Indonesia and Malaysia.
Read more: The same pressure is appearing elsewhere in APAC, where rapid data-center growth is forcing grid planners to account for much larger computing loads.
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