EcoDataCenter, a Swedish company that builds eco-friendly data centers used by major compute providers to handle their AI traffic, has raised nearly half a billion dollars — $478 million (€450 million) to be exact — in anticipation of more demand.
The equity funding, which is coming from a group of unnamed institutional investors, will be used to continue developing new technologies for more “green” data centers and to build those structures.
The news comes just two days after one of EDC’s major customers, the AI compute…