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911 Megaport raises A$827M to build a distributed AI cloud and chase the inference market

The Next Web
Ana-Maria Stanciuc @ The Next Web · 06/03/2026 03:50 EDT

Megaport spent a decade as a company you used to connect to other people’s clouds. On Wednesday it announced a plan to become one. The Australian networking firm secured four new AI infrastructure contracts worth a combined A$458.9M (about $329M) and launched a fully underwritten entitlement offer to raise A$827.3M (about $594M), according to its filing. […]
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