Investment firm I Squared Capital has launched a new data center company called Saragon.

The new platform will be backed by up to $1 billion in committed capital from I Squared and has been seeded with ten data centers across nine US markets, acquired from Cogent earlier this year.

– Saragon

The portfolio spans Chicago, Atlanta, Phoenix, Los Angeles, Kansas City, Baltimore, Houston, Nashville, and Stockton, with approximately 53MW of installed power capacity and 259,000 square feet (24,060 sqm) of colocation space.

Serving both retail and wholesale customers, the company said it aims to support high-density and liquid-cooled deployments as well as interconnection-rich environments for AI inference, content delivery, and hybrid-cloud workloads.