CoreSite Realty Corp.

CoreSite Realty Corp. operates data centers that provide essential colocation and interconnection services. Founded in 2001 in Denver, Colorado, the company has executed 11 deals with its most recent funding round occurring on October 28, 2022. In this round, Stonepeak Partners invested USD 570 mn, bringing the total amount raised to USD 570 mn.

Paul Szurek is the current CEO of the firm. CoreSite provides a comprehensive suite of data center solutions focusing on colocation, interconnection, and cloud networking. Their core offerings include high-density colocation services tailored for clients needing substantial computational power and low-latency interconnection solutions that enable seamless connections to various networks and cloud platforms. CoreSite serves diverse sectors, including financial services, healthcare, media and entertainment, and artificial intelligence, catering to IT service providers, infrastructure-as-a-service organizations, and enterprise customers across key markets in the United States, such as Northern Virginia, Chicago, New York City, Los Angeles, and Silicon Valley.

For the most recent year 2020, CoreSite reported revenue of USD 606. 82 mn and an EBITDA of USD 312. 66 mn. The company operates on a transactional B2B revenue model, generating income through contracts for colocation space and interconnection services, structured through tiered pricing plans that accommodate both large and small enterprises.

In October 2022, CoreSite secured USD 570 mn from Stonepeak Partners to bolster its growth initiatives. The funding will support the development of new products aimed at enhancing data connectivity solutions across expanded geographical regions. CoreSite is targeting further market penetration in areas with growing demand for cloud networking and interconnection services.