Novva Data Centers raised $2 billion in a funding round led by J.P. Morgan and Starwood Property Trust to accelerate the build-out of its data center in Salt Lake City.

Mar 05, 2025•9 months ago

Amount Raised

$2 Billion

West JordanConsultingSoftware

Investors

Starwood Property TrustJ.P. Morgan

Description

CIM Group and Novva Data Centers announced a new financing commitment of $2 billion to enhance the development of Novva's flagship data center. This funding will support construction phases for a new data center campus in West Jordan, Utah, addressing the increasing demand for cloud computing and AI capabilities.

Company Information

Company

Novva Data Centers

Location

West Jordan, Utah, United States

About

Novva Data Centers creates purpose-built data centers for the future across the Western United States, providing scalable wholesale infrastructure services for local, national, and international clients. Novva’s human-centric, sustainable data center solutions are married with an extensive portfolio of high capacity, scalable data center amenities to provide turnkey, client-designed solutions. Novva’s data center campuses in Utah, Colorado, Nevada, California and Arizona stand out for their forward-thinking features such as state-of-the-art water-free cooling systems, renewable energy usage, drone and robot dog facility monitoring and thoughtful design approaches that provide a one-of-a-kind, modern day data center experience.

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Funding Insights

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