Warburg-Backed Princeton Digital Weighs $1 Billion Funding Round [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The Singapore-based company is working with a financial adviser on a potential deal that could involve debt and equity, said the people, asking not to be named as the process is private. Proceeds will likely be used to refinance debt and expand its business in the region, the people said. Deliberations are at an early stage and the firm could still decide not to pursue a deal, the people said. Representatives for Princeton didn't immediately respond to requests seeking comment. Princeton Digital plans to double the capacity of its data centers in three years to meet surging demand from global artificial intelligence developers and to add more than 300 employees in markets including Japan, Malaysia, Singapore and India by the end of 2025 as AI propels its growth, Chairman and Chief Executive Officer Rangu Salgame said in an interview with Bloomberg in July. The company said in a statement last year that it was looking to raise $1 billion in debt across m
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