Colovore has closed a $925 million debt facility with Blackstone to accelerate the national rollout of its liquid-cooled, AI-optimized data centers. The financing, backed by Blackstone’s credit funds, follows the company’s acquisition by affiliates of King Street Capital Management. Colovore will use the funds to expand its footprint in key metro edge markets, including Reno, Chicago, and Austin, where demand is rising for infrastructure capable of supporting high-density AI workloads.
Colovore specializes in ultra-dense, liquid-cooled facilities purpose-built to handle the power and thermal demands of advanced AI accelerators. Unlike traditional air-cooled data centers, its infrastructure supports up to 200kW+ per cabinet and is designed to optimize real estate and energy efficiency in metro locations. The company was the first to receive NVIDIA DGX certification and serves both large enterprises and emerging generative AI companies.
This latest round of financing positions Colovore to scale rapidly as AI inference workloads become increasingly distributed and compute-intensive. Backed by King Street, the company is aligning its strategy around a new generation of edge and core AI deployments that require specialized infrastructure far beyond legacy data center capabilities.
- $925 million debt facility provided by Blackstone’s credit funds
- Expansion focused on metro edge markets: Reno, Chicago, and Austin
- Colovore operates liquid-cooled AI data centers with densities up to 200kW+ per cabinet
- First NVIDIA DGX-certified data center provider
- Serves both large enterprises and GenAI firms with scalable, high-efficiency infrastructure
“This Blackstone financing, along with the continued support of King Street, positions us well to continue scaling our footprint through the development of new liquid-cooled data centers,” said Sean Holzknecht, President and Co-Founder of Colovore.