10 Data Center Companies & Startups (2024)
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According to countless articles and publications worldwide, “data is the new oil”. With smartphones ubiquitous today and nearly everything running on cloud servers, it’s no surprise that data center revenue is estimated to reach $438.7B by 2028.
Running a data center requires a vast amount of land, technical expertise, and management to maintain demanding SLAs and ensure the security of much of the world’s most valuable information.
Check out our list of some of the most exciting and fast growing data center companies that are driving digital transformation for governments, companies, and individuals from all walks of life.
1. Vantage Data Centers
5-year search growth: 691%
Search growth status: Exploding
Year founded: 2010
Location: Denver, Colorado
Funding: $24.6B (Private Equity)
What they do: Vantage is another titan in the data center industry, with numerous campuses spread across the US and around the globe. Notably, Vantage has expanded in smaller emerging cities like Milan, Johannesburg, Warsaw, and numerous others.
Owning over 10M square feet and boasting 100% uptime, Vantage has grown dramatically since their inception in 2010. In June 2024, the company secured $2.8 billion in private equity funding to keep up with cloud and AI demand.
2. Aligned Data Centers
5-year search growth: 2,900%
Search growth status: Regular
Year founded: 2013
Location: Plano, Texas
Funding: $600M (Debt Financing)
What they do: Aligned is betting big on Texas and the southwest, with two new massive campuses planned for the Phoenix area. Energy efficiency is the name of the game when it comes to data centers, and Aligned uses their own patented Delta Cooling Technology that preserves natural resources and consumes less electricity and water.
3. Sentinel Data Centers
5-year search growth: 112%
Search growth status: Regular
Year founded: 2001
Location: Needham, Massachusetts
Funding: Undisclosed
What they do: Sentinel Data Centers has been around for quite a while, providing data management services since 2001. The team has been able to capture 79% of the Global 2000 with a focus on uptime and customer service for enterprise clients across Finance, Tech, and Health.
Sentinel has developed 2M square feet of land for servers and data so far.
4. MegaPort
5-year search growth: -15%
Search growth status: Peaked
Year founded: 2013
Location: Brisbane, Australia
Funding: $100.6M (Post-IPO Equity)
What they do: Compatible with leading cloud services like AWS, Azure, Cloudflare, and IBM, MegaPort’s flexible NaaS (network as a service) model has seen them expand tremendously over the last few years, becoming one of Australia’s leading tech companies.
Today, MegaPort has over 2,800 customers, 1.5M lines of code, and supports 365+ service operators.
5. Flexential
5-year search growth: -24%
Search growth status: Peaked
Year founded: 2000
Location: Greenwood Village, Colorado
Funding: Undisclosed
What they do: A data center company that offers a full suite of managed IT services ranging from colocation to disaster recovery, Flexential was one of the first major data center companies in the game. Flexential has 40 data centers in 19 markets, and also owns 5 subsea fiber cables that allow uptime no matter where a client is located.
6. EdgeCore Networks
5-year search growth: 56%
Search growth status: Exploding
Year founded: 2009
Location: Irvine, California
Funding: Undisclosed
What they do: EdgeCore is one of the most well known data centers providers globally. With over $4B in institutional capital available for continued development of their data center campuses, the Irvine firm has expanded into open operating systems, optics and cabling, and more.
EdgeCore currently has 4 main campuses: Ashburn, Phoenix, Silicon Valley, and Reno. Their management team has a combined 140 years of experience in data management, and has developed over $6B in data center projects.
7. H5 Data Centers
5-year search growth: 93%
Search growth status: Regular
Year founded: 2010
Location: Denver, Colorado
Funding: Undisclosed
What they do: H5 just announced a landmark acquisition of 7 major data centers spanning the Midwest and Northeast. According to CEO Josh Simms, “the demand for edge data center space continues to grow”.
H5 operates 22 data centers in 20 different markets, spanning over 3 million sq ft in total.
8. Nautilus Data
5-year search growth: 3,000%
Search growth status: Regular
Year founded: 2013
Location: Pleasanton, California
Funding: $136M (Debt Financing)
What they do: True to its seafaring name, Nautilus is best known for their unique floating data centers. Nautilus’ patented Cooling Distribution Unit allows for greater server efficiency through their proprietary water pumping process.
9. Green House Data
5-year search growth: 56%
Search growth status: Regular
Year founded: 2007
Location: Cheyenne, Wyoming
Funding: Undisclosed
What they do: Green House (today known as Lunavi), began when three friends noticed how energy hungry the data center industry was in 2007, and decided to focus on using renewable energy to power their centers instead.
Today, Green House operates seven data centers spanning across the US. As green energy becomes more vital, data centers will increasingly focus on using renewable energy to power operations.
10. Biomemory
5-year search growth: -19%
Search growth status: Regular
Year founded: 2014
Location: Paris, France
Funding: $5.5M (Seed)
What they do: DNA has existed as long as life on Earth, and Biomemory has harnessed the robust nature of DNA technology to store computer data with their patented DNA Drives.
Their technology allows clients to store extremely dense data in a far more efficient and environmentally friendly manner than standard SSD or magnetic tape storage.
Conclusion
In a digital world, it’s easy to see why data centers will be increasingly important for housing, handling, and managing the world’s data in years to come.
The startups and companies on our list have experienced teams of technical wizards who have proven track records in scaling up resource intensive data centers with razor thin margins.
Keep an eye out on these exciting names as they continue to revolutionize the way information is shared and stored.
