Unified Infrastructure Storage
Megaport Launches Storage, Completing Unified Automated Infrastructure Platform with Compute and Network
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Megaport (ASX: MP1) has launched Megaport Storage, completing what the company calls its "Three Pillars" of infrastructure: compute, network, and storage. The move makes Megaport one of the few providers to offer all three services on a single unified platform, with zero egress fees and 100G connectivity included as standard, according to National Post.
The launch did not happen in isolation. On the same day — June 3, 2026 — Megaport also revealed A$458.9 million in new AI infrastructure contracts and a fully underwritten capital raise of A$827.3 million to fund a new globally distributed AI inference cloud, according to Toronto Sun.
Four Storage Tiers Built for AI and Enterprise Workloads
Megaport Storage comes in four on-demand tiers. The cheapest, Standard Object storage, costs $8.49 per TB per month. It is S3-compatible and aimed at backup and archiving. The most specialized tiers — High-Performance Block and High-Performance File — run at $80 per TB per month and target databases, virtual machines, and media rendering.
All high-performance tiers are NVMe-backed, meaning data is stored on fast flash memory with no "cold tier" slowdowns. Enterprises can scale storage across locations without paying fees to move data out — a common pain point with major cloud providers like AWS and Google. Every tier includes 100G network connectivity as standard.
How Megaport Built a Full Stack by Acquiring Latitude.sh
Megaport started as a networking company. It let businesses connect their offices and data centers through software-defined connections instead of physical cables. But networking alone left a gap: compute and storage still came from separate providers, leading to extra costs and slower speeds.
In November 2025, Megaport bought Latitude.sh — a bare-metal compute provider — for US$150 million. The deal closed on November 27, 2025. With compute now owned, Megaport built a storage layer that sits directly on its own network fabric. CEO Michael Reid said the company is "becoming an essential platform for powering the applications of tomorrow."
A$827 Million Raise Bets Big on AI Inference at the Edge
The capital raise of A$827.3 million is one of the largest ever for an ASX-listed mid-cap tech company. Megaport plans to spend A$369.5 million of that on CAPEX, mainly on NVIDIA GPUs. The company projects its compute division will reach A$385.2 million in annual recurring revenue, pushing group-wide ARR to A$662.9 million, according to Sault Star.
The strategy targets AI inference — running AI models in real time, closer to users — rather than model training, which happens in large centralized hubs. Megaport operates across 1,100-plus data centers in 31 countries. Market analyst Hebe Chen said Megaport is positioning itself as a "picks-and-shovels player in the AI gold rush." Major new contracts are expected to begin in the first half of 2027.
Megaport Targets Regulated Industries With Sovereign Data Controls
One key selling point is data sovereignty. Enterprises can choose exactly which data center their storage lives in — across any of Megaport's 1,100-plus locations. This matters for government, finance, and healthcare customers who must comply with rules like Europe's GDPR or Australia's PSPF framework.
Not all analysts are convinced the pivot will be smooth. Morningstar's Roy Van Keulen has previously called Megaport's products "commodities," where price is the main differentiator. Megaport made pricing mistakes in 2023 that hurt customer relationships. Now the company faces entrenched rivals including AWS and Google, both of which are cutting their own egress fees to keep customers on their platforms, according to Ontario Farmer.
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