Funding news · Sep 9, 2026
Zankore Raises $3.1B in Debt to Scale NVIDIA-Powered AI Cloud Across Southeast Asia
Zankore Lands $3.1 Billion Debt Round
Zankore, an Indonesia-based full-stack AI infrastructure company, has raised $3.1 billion in debt financing. The round was supported by a syndicate of lenders including ING, Natixis CIB, United Overseas Bank, Citigroup Inc., and Qatar National Bank (QNB).
What Zankore Does
Zankore operates a neocloud platform built on NVIDIA-powered GPU clusters. The infrastructure is designed for AI training, fine-tuning, large-scale inference, and agentic workloads. It serves AI-native companies, enterprises, startups, developers, and institutions across Indonesia and Southeast Asia.
Launch and Backing
Zankore launched in August 2026, formed by Indosat Ooredoo Hutchison together with Ooredoo Group, Nokia, and NVIDIA. That founding group combines telecom operators, network infrastructure expertise, and the dominant supplier of AI compute hardware — a notable coalition for a regional AI cloud player.
Scale and Ambition
The company is scaling from an initial 100 MW of capacity toward a 1 GW NVIDIA DSX AI Factory target. That gap — from 100 MW to 1 GW — frames the scale of the buildout the new debt facility is intended to support.
The Lender Syndicate
The debt round drew participation from a cross-regional group of financial institutions:
- ING
- Natixis CIB
- United Overseas Bank
- Citigroup Inc.
- Qatar National Bank (QNB)
No lead investor was designated for the round. The mix of European, Southeast Asian, US, and Gulf lenders reflects the cross-border capital requirements of large-scale AI data center development.
Why This Matters
AI infrastructure financing has shifted toward very large debt facilities as operators look to fund power, land, and GPU capacity without diluting equity. A $3.1 billion debt raise places Zankore among the more heavily capitalized AI cloud entrants in Southeast Asia.
The company's focus on NVIDIA DSX AI Factory architecture ties its roadmap directly to NVIDIA's data center reference designs, while its operator-backed founding group gives it access to connectivity and regional enterprise relationships.
Acquisition Angle
Large-scale AI infrastructure assets are strategic for a defined set of buyers:
- Telecom operators and digital infrastructure groups seeking sovereign or regional AI compute capacity
- Data center REITs and infrastructure funds looking to add GPU-dense, AI-optimized facilities
- Hyperscalers and neocloud consolidators expanding into Southeast Asian capacity
- Sovereign and institutional investors building domestic AI compute under national digital strategies
Zankore's founding consortium — Indosat Ooredoo Hutchison, Ooredoo Group, Nokia, and NVIDIA — already represents a strategic ownership structure, which shapes both how the company is governed and how future transactions might be structured.
Key Facts at a Glance
| Item | Detail |
|---|---|
| Company | Zankore |
| Round | Debt |
| Amount | $3.1 billion |
| Lenders | ING, Natixis CIB, United Overseas Bank, Citigroup Inc., QNB |
| Founded/Launched | August 2026 |
| Founding Partners | Indosat Ooredoo Hutchison, Ooredoo Group, Nokia, NVIDIA |
| Capacity Target | 100 MW initial, scaling toward 1 GW NVIDIA DSX AI Factory |
| Market | Indonesia and Southeast Asia |
Outlook
The debt facility gives Zankore capital to pursue its capacity roadmap at a time when demand for AI training and inference infrastructure in Southeast Asia is expanding. Execution on power, site development, and GPU deployment will determine how quickly the company moves from its initial 100 MW toward its 1 GW target.
For infrastructure investors and strategic acquirers, Zankore represents one of the larger AI cloud buildouts in the region — and one with an unusually well-connected founding group behind it.