AI data center company expands in Columbus after $111M agreement
Duos Edge AI, a subsidiary of Jacksonville, Florida-based Duos Technologies Group, has entered into a five-year agreement to provide 10 megawatts of computing capacity at its Columbus data center campus.
Duos Edge AI develops and operates data center infrastructure for artificial intelligence, cloud computing and other high-performance computing applications. The company specializes in serving “underserved communities,” especially in education, healthcare and rural industries, according to a Thursday news release.
The company did not name the customer that signed in the deal, but described them as an “investment-grade hyperscaler,” a term generally used for large companies that operate extensive cloud-computing infrastructure.
The contract is valued at more than $111 million over five years. Duos said the agreement will double the Columbus campus’s planned capacity to 20 megawatts by the end of 2026.
The location of the campus wasn’t immediately clear.
“The Columbus campus gives us the ability to rapidly deploy high-density AI infrastructure while generating durable recurring revenue,” Duos CEO Doug Recker said in the release. “We believe this model positions Duos to meet growing customer demand and create meaningful long-term value for our shareholders.”
Duos recently announced that the company raised $55 million to support the acquisition of the Columbus facility and expanding infrastructure. Duos expects its initial deployment to begin generating revenue in August, with the additional capacity becoming available during the fourth quarter.
Duos did not immediately reply to the Ledger-Enquirer’s request for comment.
Choose Columbus, the marketing arm of the Development Authority of Columbus, declined to comment on the announcement.
However, Missy Kendrick, president and CEO of Choose Columbus, confirmed to the Ledger-Enquirer that this expansion is not connected to Project Ruby, the proposed data center.