Saragon Launches as New U.S. Data Center Company Purpose-Built for AI Inference and Edge Colocation

• Backed by up to $1 billion from I Squared Capital, Saragon launches with ten data centers across nine major U.S. markets, 53 MW of installed power capacity and significant room for expansion

• Steve Orlando appointed as CEO and Kevin Dalton appointed President, bringing together extensive experience across digital infrastructure, connectivity and large-scale data center development

PHOENIX--(BUSINESS WIRE)--Saragon, a new U.S. data center company built to serve the growing demand for colocation, high-density computing and AI inference infrastructure, today announced its official launch. Backed by up to $1 billion in committed capital from I Squared Capital (“I Squared”), a leading global infrastructure investor, Saragon begins operations with ten data centers across nine strategically located U.S. markets and plans to scale rapidly through investment in its existing footprint, customer-led expansion and additional acquisitions.

Saragon was established following I Squared’s acquisition of ten data center facilities from Cogent Fiber, LLC, a subsidiary of Cogent Communications Holdings, Inc. (NASDAQ: CCOI). The portfolio spans Chicago, Atlanta, Phoenix, Los Angeles, Kansas City, Baltimore, Houston, Nashville, and Stockton with approximately 53 megawatts of installed power capacity and 259,000 square feet of colocation space. Together, these markets serve a combined population of more than 63 million people, positioning Saragon’s infrastructure close to the enterprises, networks and end users driving demand for low-latency computing.

Saragon is positioned for a fundamental shift in the digital infrastructure landscape. As artificial intelligence moves from the training of models toward widespread deployment and everyday use, a growing share of computing demand is expected to move closer to population centers and end users. Saragon’s facilities combine high-density-enabled power infrastructure, liquid-cooling capabilities and dense, multi-carrier fiber connectivity, including proximity to local internet exchanges, to support AI inference and other latency-sensitive workloads.

The portfolio also offers a scarce combination of location, power and connectivity in metropolitan markets where new data center supply is increasingly constrained. All ten facilities are purpose-built data centers, owned out-right with room for expansion, giving Saragon a strong foundation from which to add capacity as customer requirements grow.

Saragon will be led by Chief Executive Officer Steve Orlando, who joins from Seaborn Networks, where he spent nearly six years as CEO of the operator of Seabras-1, the subsea cable system connecting Brazil and the United States. Alongside him, Kevin Dalton has been appointed President and brings more than 30 years of data center development experience most recently serving as Chief Data Center Officer at Cumulus Data, a division of Talen Energy.

“Demand for edge capacity is accelerating across everything we do — retail, enterprise, and wholesale colocation alike — as businesses of every kind bring compute closer to their users,” said Steve Orlando, Chief Executive Officer of Saragon. “AI inference is the newest driver, but the same fundamentals power content delivery, hybrid cloud, and mission-critical enterprise workloads. With a launch footprint spanning nine major markets across the country and the backing of I Squared Capital, Saragon is built to deliver that capacity where our customers need it most.”

Saragon will pursue a multi-faceted growth strategy, expanding capacity through targeted investment, customer led expansion and additional acquisitions, both within its existing markets and by entering new edge locations across the United States. The company will serve customers across the full spectrum of colocation requirements, including retail colocation for single-cabinet deployments, enterprise colocation for mission-critical corporate infrastructure, and wholesale colocation for customers requiring dedicated, large-scale capacity. Saragon will also support high-density and liquid-cooled deployments and interconnection-rich environments for AI inference, content delivery, and hybrid-cloud workloads.

About Saragon

Saragon is a U.S. data center company specializing in retail, enterprise, and wholesale colocation, high-density deployments, and AI inference infrastructure. Headquartered in Phoenix, Arizona, Saragon operates ten facilities across nine major U.S. markets, delivering approximately 53 megawatts of installed power capacity and 259,000 square feet of colocation space to enterprises, network operators, and AI-driven businesses. Backed by up to $1 billion in committed capital from I Squared Capital, Saragon is building the edge infrastructure for the AI inference era. Learn more at [www.saragoninfra.com].