What is Ascent?
Founded in 1998 and headquartered in Saint Louis, Missouri, Ascent specializes in providing comprehensive, full lifecycle support for data centers and critical facilities. Their expertise spans from the initial design and development of new or upgraded facilities to the ongoing monitoring and management of daily operations. Ascent's service portfolio includes data center development, consulting and engineering services, construction management, and operations and maintenance management, positioning them as a key player in the infrastructure sector.
How much funding has Ascent raised?
Ascent has raised a total of $109M across 2 funding rounds:
Debt
$107M
Debt
$2M
Debt (2012): $107M with participation from Royal Bank of Scotland, Cole Taylor Bank, and Bank of America
Debt (2020): $2M led by PPP
Key Investors in Ascent
Royal Bank of Scotland
Royal Bank of Scotland, a prominent financial institution, likely provided debt financing, supporting Ascent's capital-intensive projects in data center development and construction.
Cole Taylor Bank
Cole Taylor Bank, a financial services provider, contributed to Ascent's debt financing, facilitating the company's expansion and operational needs.
Bank of America
Bank of America, a global financial institution, participated in Ascent's debt financing, offering substantial capital to support the company's infrastructure development and operational services.
What's next for Ascent?
The recent major strategic investment signals Ascent's readiness to scale its operations and potentially expand its market reach. Given the company's focus on enterprise-level data center solutions and critical facilities, this capital infusion is likely to be directed towards enhancing technological capabilities, expanding service offerings, and potentially pursuing new development projects. The consistent debt financing over the years underscores a robust business model and a strong demand for their specialized services in the development, engineering, and operational management of complex infrastructure.
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