Phoenix data center firm raises $1B to repurpose older facilities amid construction backlash

Saragon, backed by I Squared Capital, is repurposing existing data centers across the nation for AI inference, with headquarters in Phoenix and plans to hire 160-180 employees by end of 2027.

Sep 3, 2026 - 16:00
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Phoenix data center firm raises $1B to repurpose older facilities amid construction backlash
Saragon, backed by I Squared Capital, is repurposing existing data centers across the nation for AI inference, with headquarters in Phoenix and plans to hire 160-180 employees by end of 2027.

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