Skip to main content

Share story

Policy Infrastructure

Bain Capital Data Center Unit Severs Ties With Megaspeed Amid US Investigation

Bain Capital Data Center Unit Severs Ties With Megaspeed Amid US Investigation Image: Primary
Bain Capital's data center infrastructure unit has terminated its business relationship with Megaspeed, a cloud and data center services provider currently under investigation by US authorities. The separation was completed this week, according to sources familiar with the matter. The move comes as Megaspeed faces scrutiny from federal regulators over unspecified compliance matters. Bain had partnered with Megaspeed on several data center projects in the Asia-Pacific region. The private equity firm is now reassigning those projects to alternative infrastructure partners. Megaspeed has not publicly disclosed the nature of the US investigation. The company provides colocation and cloud services primarily to enterprise customers in Southeast Asia and Australia. The incident highlights the increasing compliance risks facing data center operators as they expand globally amid heightened scrutiny of foreign technology partnerships and data sovereignty regulations.
Sources
Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
Back to Newswire
Keep reading
Full wire
AI Products
AI Products

OpenAI seeks UAE investors to anchor $30 billion financing

OpenAI is in talks with multiple investment funds from the United Arab Emirates to help anchor a $30 billion financing round, Bloomberg reported, citing people familiar with the matter. The funds include Abu Dhabi-based MGX; the f...

Products
Products

Schneider Electric set to acquire PTC for $22.6 billion

Schneider Electric is set to acquire industrial software company PTC for $22.6 billion, TechStory reports. The transaction would be the French engineering company's largest acquisition and expand its software portfolio for manufac...

Capital Infrastructure
Capital Infrastructure

Reclinker raises £10m to expand recycled cement production

Reclinker has raised £10m in Series A funding to move from trials to full commercial cement production in Cardiff. Clean Growth Fund and AP Ventures co-led the round, which will also support expansion to electric arc furnace sites...

Capital
Capital

Valon raises $150M Series D at $2.3B valuation

Valon raised a $150M Series D from Ribbit, a16z and other investors at a $2.3B valuation, Forbes reported. The company makes software to help U.S. mortgage companies reduce administrative work and costs in a market whose payment s...

AI Infrastructure
AI Infrastructure

Reflection introduces Beam and plans open-weight release this month

Reflection introduced Beam, a model for coding, reasoning and tasks that use tools, and said it will release the model's weights and developer artifacts later this month. The model is undergoing final safety testing and evaluation...

Security AI
Security AI

AWS reports 89.0% success for Continuum on code security benchmark

AWS says its Continuum security system passed 819 of 920 tasks on CyberGym-E2E within the benchmark's 90-minute limit, achieving an 89.0% success rate. That exceeds the previous public high of 65.9% by 23.1 percentage points. The...