Data centre operator DayOne aims to raise over $1 billion

DayOne, a global data centre operator affiliated with GDS Holdings, one of China’s largest data centre operators, is seeking to raise more than $1 billion in a new funding round, four people with knowledge of the matter said.

DayOne, formerly known as GDS International, has tapped new and existing shareholders for the series C fundraising, which will support its growth plans in Southeast Asia and Europe, said the people, who declined to be named as the information was confidential.

DayOne could be valued at $4 billion to $5 billion in the funding…