Rio attracts US$550 million for AI data center megaproject - Startups
Summary
Rio de Janeiro has formalized the first investment round for an AI-focused data center complex called Rio AI City. I Squared Capital invested US$550 million into Elea Data Centers’ digital infrastructure platform to support the project. The plan targets 3.2 gigawatts of capacity by 2032 and aims to position Rio among the world’s top AI hubs. The city also signed an MoU with Elea and CCPar to formalize cooperation on the buildout. The article ties the project to broader talent development and technology ecosystem growth in the region.
Funding
Amount
$550.0M
Total raised
Date
June 9, 2026
Announcement date
Investors
I Squared Capital, VTEX
Lead investors
Company
-
Funded company
Classifications
industries
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applications
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AskAI Classifications
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