At a glance
- The Singapore manager did not disclose the size of its investment or the split between its capital and the government-backed money the project has also secured.
- Construction has begun, with power approval and building permits in hand, and the first phase — 100,000 square meters — targets completion by the end of 2027, according to the companies.
- NeoAI will initially offer colocation from what will be its first data center, then layer GPU-as-a-service and AI platform capabilities on top, CEO Jonathan Yongwan Jo said.
SC Capital Partners Group has invested in a 40MW data center project in Pohang, South Korea, with neocloud startup NeoAI Cloud, the companies said. The Singapore manager did not disclose the size of its investment or the split between its capital and the government-backed money the project has also secured.
Construction has begun, with power approval and building permits in hand, and the first phase — 100,000 square meters — targets completion by the end of 2027, according to the companies. The design is aimed at AI workloads and includes liquid-cooled infrastructure specified for Nvidia Vera Rubin systems. Data Center Dynamics reported that around 2 trillion won ($1.35 billion) had been invested in the project as of July.
NeoAI will initially offer colocation from what will be its first data center, then layer GPU-as-a-service and AI platform capabilities on top, CEO Jonathan Yongwan Jo said. He put the planned second phase at 260MW, six and a half times the capacity of the first.
Reported by the Fundraising desk from Data Center Dynamics. Published . Corrections