Equinix announced the signing of a joint venture agreement, subject to closing conditions, in the form of a limited liability partnership with GIC and Canada Pension Plan Investment Board, with the intent to raise over US$15 billion in capital together with its partners.

Data center firm Equinix is forming a joint venture with Singapore's sovereign wealth fund GIC and Canada Pension Plan Investment Board with goals to raise more than $15 billion in capital, the company said on Tuesday.

Data center developer Equinix has formed a joint venture with GIC and the Canada Pension Plan Investment Board to raise over $15 billion.

Equinix has raised $15 billion in funding to expand its xScale data centers for AI, particularly for investments in the U.S.

Equinix forms joint venture to raise $15B for expanding hyperscale data centers in the US, targeting AI and cloud growth.

Canada Pension Plan Investment Board is forming a joint venture that aims to raise US$15-billion to buy land and build new data centres catering to the largest technology companies in the United States, in partnership with Singaporean sovereign wealth fund GIC and data centre owner Equinix Inc.

Data center firm Equinix is forming a joint venture with Singapore's sovereign wealth fund GIC and Canada Pension Plan Investment Board with goals to raise more than $15 billion in capital, the company said on Tuesday.