What are the most valued startups in the data center market?

Last updated: 13 July 2026

Download our beautiful pitch about the data center market

market research pitch 2026 statistics data center market

In our data center market deck, you will find everything you need to understand the market

The data center market is expanding rapidly as artificial intelligence, cloud computing and digital services create unprecedented demand for computing capacity.

This ranking covers 97 leading data center startups and private infrastructure platforms, from global hyperscale operators to regional edge and colocation specialists.

We update this list every month to reflect new funding rounds, acquisitions, public market movements and changes in estimated valuations.

And if you want to better understand this new industry, you can download our pitch covering the data center market.

A quick summary table

Metric Value
Most valuable data center startup Switch, $38.0B–$48.0B
Second most valuable data center startup QTS Data Centers, $35.0B–$50.0B
Median data center startup valuation Approximately $2.6B
Share of data center valuation captured by the top 10 Approximately 52.5%
Top data center valuation versus median Approximately 16.5 times
Median data center valuation-to-capital-raised ratio Approximately 3.6 times
Data center startups valued at $1B+ 73
Market map chart showing top companies and startups in the data center market

This market map, featured in our data center market deck, highlights top companies and startups in the data center market

Top startups in the data center market ranked by valuation

Here is an updated table that ranks the top startups in the data center market based on their latest reported or estimated valuations.

If you want more detaild about their fundraising activity, you can check our list of the startups who have raised the most funding in the data center market.

# Startup Name What They Do Current Valuation ($) Valuation Confidence Level Valuation Type Evidence Status Total Funding ($) Funding Confidence Level
1 Switch Exascale data center campuses $38.0B–$48.0B Partial Confidence Comparables-Based Estimate Estimated $531M Strong Confidence
2 QTS Data Centers Global hyperscale colocation platform $35.0B–$50.0B Partial Confidence Proxy-Based Estimate Estimated $432M Strong Confidence
3 Aligned Data Centers Hyperscale AI data centers $40.0B Full Confidence Acquisition Value Observed $5.0B+ Partial Confidence
4 STACK Infrastructure Global hyperscale data center campuses $35.0B–$45.0B Partial Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
5 Vantage Data Centers Global hyperscale data center campuses $32.0B–$42.0B Partial Confidence Implied Valuation from Raise Implied $17.7B Strong Confidence
6 CyrusOne Global hyperscale colocation data centers $18.0B–$22.0B Partial Confidence Comparables-Based Estimate Estimated $361M Full Confidence
7 DayOne Hyperscale data center platform $18.0B–$20.0B Strong Confidence IPO or Listing Range Valuation Estimated $6.4B Strong Confidence
8 AirTrunk APAC hyperscale data centers $16.6B Strong Confidence Acquisition Value Observed $184M+ Partial Confidence
9 T5 Data Centers Hyperscale data center operator $12.0B–$18.0B Partial Confidence Implied Valuation from Raise Implied $8.0B Strong Confidence
10 CDC Data Centres Secure Australian data centers $11.8B Strong Confidence Announced Private Round Valuation Observed Not provided Low Confidence
11 Princeton Digital Group APAC hyperscale data center platform $9.0B–$13.0B Strong Confidence Implied Valuation from Raise Implied $2.5B Strong Confidence
12 ST Telemedia Global Data Centres Global colocation data center network $10.0B–$11.5B Strong Confidence Active Raise Valuation Observed $1.3B Strong Confidence
13 EdgeConneX Global hyperscale and edge facilities $9.0B–$12.0B Partial Confidence Comparables-Based Estimate Estimated $2.6B+ Partial Confidence
14 Crusoe Clean-energy AI computing infrastructure $10.0B Full Confidence Announced Private Round Valuation Observed $2.5B Full Confidence
15 Start Campus Renewable hyperscale data center campus $7.0B–$11.0B Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
16 Compass Datacenters Customized hyperscale data center campuses $7.0B–$9.0B Partial Confidence Comparables-Based Estimate Estimated $3.0B Partial Confidence
17 NEXTDC Australian hyperscale data center operator $6.8B Full Confidence Public Market Cap Observed $3.5B Partial Confidence
18 EDGNEX Data Centres Global hyperscale data center developer $5.0B–$8.0B Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
19 Global Switch Global carrier-neutral data centers $6.0B–$6.8B Strong Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
20 Pure Data Centres European hyperscale cloud infrastructure $5.4B–$6.8B Strong Confidence Active Raise Valuation Observed Not provided Low Confidence
21 Yondr Group Global hyperscale data center developer $5.0B–$7.0B Partial Confidence Acquisition Value Estimated Not provided Low Confidence
22 Khazna Data Centers Middle Eastern hyperscale data centers $5.5B–$6.3B Strong Confidence Acquisition Value Estimated Not provided Low Confidence
23 Teraco Data Environments African carrier-neutral colocation $5.0B–$6.5B Partial Confidence Comparables-Based Estimate Estimated $28M Partial Confidence
24 CtrlS Datacenters Indian AI-ready data center campuses $5.2B–$5.8B Strong Confidence Announced Private Round Valuation Observed $473M Partial Confidence
25 Cologix North American interconnection data centers $4.8B–$6.0B Partial Confidence Comparables-Based Estimate Estimated $4.0B Strong Confidence
26 DATA4 European hyperscale data center campuses $4.5B–$5.5B Partial Confidence Comparables-Based Estimate Estimated $2.4B+ Partial Confidence
27 Global Technical Realty European build-to-suit data centers $4.5B–$5.5B Strong Confidence Announced Private Round Valuation Observed $2.9B Strong Confidence
28 Stream Data Centers US hyperscale data center campuses $4.0B–$6.0B Partial Confidence Acquisition Value Estimated Not provided Low Confidence
29 VIRTUS Data Centres European hyperscale colocation platform $4.0B–$6.0B Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
30 Colt Data Centre Services Global hyperscale data center operator $4.0B–$6.0B Partial Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
31 EdgeCore Digital Infrastructure US hyperscale data center developer $4.2B–$5.5B Partial Confidence Implied Valuation from Raise Implied $3.1B Strong Confidence
32 DataBank US edge colocation infrastructure platform $4.0B–$5.3B Partial Confidence Implied Valuation from Raise Implied $4.4B Strong Confidence
33 Sabey Data Centers US colocation data center campuses $3.5B–$5.5B Low Confidence Comparables-Based Estimate Estimated $530M Strong Confidence
34 AdaniConneX Indian hyperscale data center platform $3.5B–$5.5B Partial Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
35 CloudHQ Global hyperscale data campuses $3.2B–$5.0B Partial Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
36 Bridge Data Centres Pan-Asian hyperscale data centers $3.2B–$4.8B Partial Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
37 atNorth Nordic sustainable data centers $4.0B Strong Confidence Acquisition Value Observed Not provided Low Confidence
38 Yotta Infrastructure Indian AI cloud data centers $3.9B Full Confidence Announced Private Round Valuation Observed $150M Partial Confidence
39 Serverfarm Hyperscale data center development platform $3.0B–$4.5B Partial Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
40 Digital Edge DC Pan-Asian data center platform $3.2B–$4.2B Partial Confidence Implied Valuation from Raise Implied $1.6B Full Confidence
41 Ark Data Centres UK sovereign data centers $3.0B–$4.0B Partial Confidence Active Raise Valuation Estimated $80M Low Confidence
42 Echelon Data Centres European hyperscale data center developer $3.0B–$3.7B Strong Confidence Announced Private Round Valuation Estimated $850M Strong Confidence
43 Scala Data Centers Latin American hyperscale data centers $2.5B–$4.0B Partial Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
44 PowerHouse Data Centers US hyperscale data center developments $2.5B–$4.0B Partial Confidence Proxy-Based Estimate Estimated $2.0B Partial Confidence
45 Chindata Group Asia hyperscale data centers $3.2B Strong Confidence Acquisition Value Observed $1.7B Strong Confidence
46 Nxtra by Airtel Indian hyperscale data center network $3.0B–$3.2B Strong Confidence Active Raise Valuation Implied $1.2B Strong Confidence
47 Edged Energy Waterless AI-ready data centers $2.4B–$3.6B Partial Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
48 TierPoint Edge data centers and cloud $2.5B–$3.5B Partial Confidence Implied Valuation from Raise Implied $820M Strong Confidence
49 maincubes European colocation data center operator $2.4B–$3.2B Partial Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
50 NorthC Datacenters Regional European colocation data centers $2.2B–$2.6B Partial Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
51 DC BLOX Southeastern US digital infrastructure $1.8B–$2.8B Low Confidence Comparables-Based Estimate Estimated $240M+ Low Confidence
52 Green Mountain Renewable Nordic data centers $1.7B–$2.4B Partial Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
53 AtlasEdge Data Centres European edge data centers $1.6B–$2.4B Partial Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
54 EcoDataCenter Sustainable Nordic data center campuses $1.6B–$2.4B Partial Confidence Implied Valuation from Raise Implied $509M Partial Confidence
55 OData Latin American hyperscale data centers $1.9B–$2.1B Strong Confidence Acquisition Value Implied $42M Partial Confidence
56 Prime Data Centers Wholesale hyperscale data center operator $1.5B–$2.4B Low Confidence Implied Valuation from Raise Implied Not provided Low Confidence
57 Bulk Infrastructure Nordic sustainable data centers $1.5B–$2.2B Partial Confidence Implied Valuation from Raise Implied $714M Partial Confidence
58 nLighten Pan-European edge data centers $1.5B–$2.2B Partial Confidence Comparables-Based Estimate Estimated $500M+ Strong Confidence
59 BDx Data Centers APAC colocation data centers $1.6B–$2.0B Partial Confidence Active Raise Valuation Estimated Not provided Low Confidence
60 Ascenty Latin American data centers $1.8B Partial Confidence Acquisition Value Observed $53M Partial Confidence
61 DCI Data Centers Asia-Pacific wholesale data centers $1.4B–$2.2B Low Confidence Comparables-Based Estimate Estimated $166M Partial Confidence
62 Novva Data Centers Western US hyperscale data centers $1.3B–$1.9B Partial Confidence Comparables-Based Estimate Estimated $450M Partial Confidence
63 SpaceDC Southeast Asian hyperscale data centers $1.2B–$2.0B Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
64 CleanArc Data Centers Sustainable hyperscale data center developer $1.2B–$2.0B Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
65 eStruxture Canadian carrier-neutral data centers $1.3B–$1.7B Strong Confidence Acquisition Value Estimated $1.1B Partial Confidence
66 Penta Infra European edge colocation data centers $1.0B–$1.7B Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
67 Nabiax Spanish hyperscale colocation data centers $1.0B–$1.2B Strong Confidence Acquisition Value Implied $594M Partial Confidence
68 Green Datacenter Swiss hyperscale data centers $1.0B–$1.2B Strong Confidence Acquisition Value Implied Not provided Low Confidence
69 Verne Global Nordic low-carbon data centers $900M–$1.3B Strong Confidence Revenue or ARR Multiple Estimate Estimated $125M Strong Confidence
70 Skybox Datacenters US wholesale data center developments $800M–$1.4B Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
71 AIMS Data Centre Southeast Asian carrier-neutral data centers $900M–$1.2B Partial Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
72 Empyrion Digital Sustainable Asian data centers $900M–$1.2B Partial Confidence Implied Valuation from Raise Implied $828M Full Confidence
73 Omnia Latin American green data centers $800M–$1.3B Low Confidence Proxy-Based Estimate Estimated $1.0B Partial Confidence
74 Digital Halo Emerging Asian data center platform $800M–$1.2B Partial Confidence Implied Valuation from Raise Implied $400M Strong Confidence
75 KIO Networks Mexican data centers and cloud $800M–$1.2B Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
76 Netrality Data Centers US interconnected carrier-hotel data centers $800M–$1.1B Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
77 Kao Data UK AI and HPC centers $930M Full Confidence Proxy-Based Estimate Observed $177M Partial Confidence
78 Chayora China hyperscale data centers $700M–$1.1B Partial Confidence Comparables-Based Estimate Estimated $253M Strong Confidence
79 Web Werks Data Centers Indian colocation data center network $650M–$850M Partial Confidence Acquisition Value Estimated $150M Full Confidence
80 AQ Compute Sustainable European data centers $500M–$900M Low Confidence Implied Valuation from Raise Implied Not provided Low Confidence
81 Africa Data Centres African colocation network $500M–$900M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
82 IXcellerate Russian carrier-neutral data centers $500M–$900M Low Confidence Implied Valuation from Raise Estimated $208M Partial Confidence
83 Elea Digital Brazilian sustainable data centers $500M–$800M Partial Confidence Acquisition Value Implied Not provided Low Confidence
84 Proximity Data Centres Regional UK edge data centers $450M–$750M Low Confidence Acquisition Value Estimated Not provided Low Confidence
85 MEEZA Qatari data centers and IT $580M Full Confidence Public Market Cap Observed $193M Strong Confidence
86 MedOne Israeli underground colocation data centers $500M–$650M Partial Confidence Comparables-Based Estimate Estimated $215M Strong Confidence
87 H5 Data Centers US colocation data centers $400M–$700M Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
88 Raxio Group African carrier-neutral data centers $400M–$650M Partial Confidence Implied Valuation from Raise Implied $94M Full Confidence
89 DartPoints Regional edge colocation data centers $400M–$650M Partial Confidence Implied Valuation from Raise Implied $256M Partial Confidence
90 OneAsia Asian colocation and managed cloud $350M–$550M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
91 365 Data Centers Colocation and managed infrastructure $350M–$550M Low Confidence Comparables-Based Estimate Estimated $16M Partial Confidence
92 Hyperco Finnish hyperscale data centers $200M–$400M Low Confidence Comparables-Based Estimate Estimated Not provided Low Confidence
93 IXAfrica Data Centre Kenyan hyperscale data centers $150M–$300M Partial Confidence Implied Valuation from Raise Implied $50M Full Confidence
94 Wingu.Africa East African carrier-neutral data centers $150M–$250M Low Confidence Implied Valuation from Raise Implied Not provided Low Confidence
95 PAIX Data Centres African carrier-neutral colocation platform $120M–$180M Partial Confidence Implied Valuation from Raise Implied $50M Full Confidence
96 Digital Fortress Enterprise colocation data centers $100M–$180M Low Confidence Comparables-Based Estimate Estimated $3M Low Confidence
97 Evocative Colocation and cloud infrastructure $80M–$110M Partial Confidence Revenue or ARR Multiple Estimate Estimated $30M Partial Confidence
98 Infinaxis Data Centre Holdings Southeast Asian data center developer $50M–$120M Low Confidence Proxy-Based Estimate Estimated Not provided Low Confidence
Chart comparing the 2026 size of the data center market with other markets of similar size

This chart, featured in our data center market deck, compares the 2026 size of the data center market with other markets of similar size

Key valuation trends in the data center market

Insights

  • The ten largest data center platforms represent roughly 52.5% of the combined valuation in this ranking, showing how access to power, land and global hyperscale customers concentrates value at the top.
  • DayOne, Princeton Digital Group, ST Telemedia Global Data Centres, Nxtra and Chindata represent approximately $47 billion of combined value, highlighting Asia-Pacific as a central growth engine for data center infrastructure.
  • DayOne, Princeton Digital Group and ST Telemedia Global Data Centres carry about $40.8 billion of combined valuation against $10.2 billion of funding, underlining the scale of institutional investment flowing into Asian platforms.
  • Crusoe’s $10 billion valuation is four times its $2.5 billion funding total, suggesting that investors value the combination of AI computing capacity, energy infrastructure and access to power.
  • Global Technical Realty and Echelon have raised a combined $3.75 billion and carry approximately $8.35 billion of value, producing a blended valuation-to-funding ratio of about 2.2 times.
  • Verne Global’s $1.1 billion valuation midpoint is almost nine times its $125 million funding total, showing how operating revenue and renewable energy access can support value without multibillion-dollar capital commitments.
  • Princeton Digital Group’s $11 billion valuation midpoint is about 244% higher than Chindata’s $3.2 billion acquisition value, indicating a significant premium for diversified data center exposure across Asia-Pacific.
  • Nxtra’s valuation is close to Chindata’s acquisition value despite approximately $500 million less reported funding, suggesting that investors are placing a growing premium on India’s data center expansion.
Chart showing how Equinix is capturing share in the data center market

This chart, featured in our data center market deck, shows how Equinix is capturing share in data centers

A few word about our methodology

As you can see, we built a database that ranks startups and private infrastructure platforms in the data center market based on their current valuation.

Estimating data center company valuations is not always straightforward. Many operators do not publicly disclose their valuation, and the available information can vary widely depending on ownership structure, development stage and geographic footprint.

To build this ranking, we applied a structured valuation methodology and cross-checked information across multiple reliable sources.

Whenever possible, we relied on direct disclosures. These include announced valuations from completed funding rounds, public filings for listed companies, official acquisition prices and confirmed secondary transactions.

When a data center company is publicly listed, we use its current market capitalization as the reference valuation.

If a data center operator was acquired and no independent valuation can reasonably be estimated today, we use the acquisition price as the main reference point.

When a company recently raised capital but the valuation was not disclosed, we estimate the implied valuation using typical dilution levels for that stage of fundraising.

In some cases, we estimate valuations using operating metrics such as revenue, EBITDA, contracted capacity, megawatts under operation or development, and valuation multiples from comparable data center companies.

When direct financial data is not available, we may rely on carefully selected comparable operators and other signals such as powered land, secured grid capacity, customer contracts, geographic reach and development pipeline.

Data center valuations can be especially sensitive to the distinction between operating capacity and planned capacity. A large announced pipeline does not carry the same value as completed facilities with contracted customers.

We also consider access to electricity, land ownership, construction progress, utilization rates, lease duration and customer concentration when these details are available.

All estimates follow a strict evidence hierarchy. Recent funding rounds with announced valuations carry the most weight, followed by acquisition values, public market data, operating metrics and comparable company analysis.

We also carefully evaluate the age of every data point. Recent information carries more weight, while older data is treated cautiously and adjusted conservatively when necessary.

Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts and reasonable inferences.

Because valuation data is not always fully public, each data center company in the ranking is assigned a confidence level based on the reliability, recency and consistency of the available evidence.

Full confidence means the valuation is supported by strong and recent evidence. Strong confidence means the estimate is well supported but includes minor inference. Partial confidence means the estimate relies more heavily on indirect signals. Low confidence means available information is limited or inconsistent.

When confidence is lower, we take a more conservative approach by widening the valuation range. This helps reflect the uncertainty and increases the probability that the true valuation falls within the estimated range.

Funding figures also require careful interpretation in the data center market. Some reported amounts represent equity funding, while others include debt facilities, construction financing, joint ventures or capital committed to individual projects.

For that reason, a high funding total does not always mean that the same amount has been invested directly into the parent company. We retain the best available figure while assigning a separate funding confidence level.

This reflects how we conduct all our research, including the work behind our report covering the data center market.

In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.

If you want the full detail on a specific valuation estimate, feel free to contact us and we will gladly explain.

Finally, know that we update the dataset once per month, so come back here if you need fresh information.

Chart showing the projected CAGR of the data center market

This chart, featured in our data center market deck, illustrates yearly funding for data center startups

Related blog posts

- The latest news in the data center market

- The latest funding news in the data center market

- What is the latest update in the data center market?

- How funding activity has evolved in the data center market

- What are the fundraising trends in the data center market?

- What is the real size of the data center market today?

- The full range of business models in the data center market

Who is the author of this content?

NEW MARKET PITCH TEAM

We track new markets so founders and investors can move faster

We build living “market pitch” documents for emerging markets: from AI to synthetic biology and new proteins. Instead of digging through outdated PDFs, random blog posts, and hallucinated LLM answers, our clients get a clean, visual, always-updated view of what’s really happening. We map the key players, deals, regulations, metrics and signals that matter so you can decide faster whether a market is worth your time. Want to know more? Check out our about page. You can also follow us on Instagram or on Facebook.

How we created this content 🔎📝

At New Market Pitch, we kept seeing the same problem: when you look at a new market, the data is either missing, paywalled, or buried in 300-page reports that feel like they were written in the 80s. On the other side, LLMs and random blog posts give you confident answers with no sources, and sometimes they just make things up. That’s not good enough when you’re about to invest real money or launch a company.

So we decided to fix the experience. For each market we cover, we build a structured database and update it on a regular basis. We track funding rounds, fund memos, M&A moves, partnerships, new products, policy changes, and the real activity of startups and incumbents. Then we turn all of that into a clear “market pitch” that shows where the opportunities are and how people actually win in that space.

Every key data point is checked, sourced, and put back into context by our team. That’s how we can give you both speed and reliability: fast coverage of new markets, without the usual guesswork.

Back to blog