Data Center News

Oriole Networks raises £10 million in seed funding

University College London (UCL) spinout Oriole Networks has raised £10 million ($12.6m) in a seed funding round co-led by UCL Technology Fund, Clean Growth Fund, XTX Ventures, and Dorilton Ventures, with support from Innovate UK Investor Partnership. “As the demand for compute continues to inc...

March 29, 2024

London

Segro to develop new data centers after £900 million share issue

Property investor Segro has raised £900 million ($1.1 billion) in a share issue and intends to use this funds to develop its portfolio across the UK and Europe. The London-listed business had initially been hoping to raise £800 million ($1.01bn), but on Tuesday evening its directors said stron...

February 29, 2024

London

Former Sungard data center is up for sale in New Jersey

Via RI Marketplace, Real estate firm Marcus & Millichap is offering 1008 Virgil Avenue in Ridgefield, a former Sungard data center field as up for sale via auction and bidding for this property is set to begin March 25, with $750,000 listed as a starting bid. The listing reads, “The proper...

February 14, 2024

New Jersey

Iris Energy and Poolside sign new partnership

Iris Energy and AI startup Poolside have gotten into an agreement to give the latter cloud access to Nvidia GPUs. According to Iris Energy, the initial contract is three months, with a potential three month extension. Daniel Roberts, co-Founder and co-CEO of Iris Energy, said: “We are pleased ...

February 08, 2024

Texas

Swiss Life Asset Managers acquires major stake in Telecom Infrastructure Partners

Investment firm Swiss Life Asset Managers this week entered an agreement with London-based InfraBridge, an infrastructure investment management division of DigitalBridge Group, to acquire a co-controlling equity stake in Telecom Infrastructure Partners (TIP). Gianfranco Saladino, head of value...

January 10, 2024

London

Axiom Space to launch orbital data center

Space infrastructure business Axiom Space has planned to develop an 'orbital data center.' The company is currently developing the world’s first commercial space station, which will initially be a part of the International Space Station, but is planned to separate and remain in orbit, once the...

December 21, 2023

Houston

Lightmatter officially becomes a unicorn

Photonic computing company Lightmatter has now been crowned a Unicorn, raising $155 million at a $1.2 billion valuation. This funding is part of the series C investment round, which helped the company raise $154 million in May, successfully tripling the company’s value at the time. Overall, Li...

December 19, 2023

Boston

DataBank raises capital for new data centers

DataBank has raised $533 million of capital to build new data centers through debt and equity. This brings the total funds raised by the company this year to $1.6 billion, with $715 million of secured notes issued in February and a $350 million credit facility announced later in March. DataBa...

November 29, 2023

DataBank

OpenAI president Greg Brockman quits as the company fires CEO

OpenAI's co-founder and president, Greg Brockman, has quit the company after the board suddenly fired CEO Sam Altman last week. Brockman, who was initially made to step down as board chairman, has left the company. The board is yet to disclose the exact reason for firing Altman as the company ...

November 20, 2023

San Francisco Bay Area

OpenAI co-founder Sam Altman fired from the company

OpenAI co-founder Sam Altman has been fired as CEO of the artificial intelligence startup as the board denounces confidence in his leadership. In a statement released by the company, the board noted that it “no longer has confidence in his ability to lead.” Mira Murati, OpenAI’s chief technol...

November 19, 2023

San Francisco Bay Area

Ridge purchases UK data center consultancy Concert

Building consultancy Ridge recently acquired London-based Concert, a data center-focused consulting company, to boost its business in that sector. Both companies finalized this acquisition on November 3, but the terms of the transaction were not disclosed. Concert will operate under its curre...

November 18, 2023

London

Data Clean Corp acquires data center cleaning business Sealco

Data Clean Corporation has acquired Texas-based critical environment cleaning company Sealco LLC, marking its second acquisition since it was bought by Angeles Equity Partners in November 2022. Frank Spelman, managing director at Angeles Equity Partners said, “Sealco is arguably one of the mos...

November 17, 2023

Texas

DataBank plans 192MW data center facility in Virginia

DataBank announced it has acquired 85 acres of land in Culpeper, Virginia, to construct a new data center campus, which will host up to three two-story data centers offering 1.4 million square feet of space. The new facility will use DataBank’s recently announced Universal Data Hall Design (UD...

November 16, 2023

DataBank

DataBank purchases new parcel in Atlanta, Georgia, for DC campus

US colocation provider DataBank recently purchased 95 acres of land near Lithia Springs within a mile of the 18 acres where it is already building its ATL4 facility in Atlanta, Georgia. The newly acquired parcel can accommodate two multi-story data centers totaling 1 million gross square feet....

November 01, 2023

DataBank

Quantum computing firm D-Wave faces delisting from NYSE again

Quantum computing firm D-Wave is facing delisting from the New York Stock Exchange over its low stock price for the second time this year. The company announced this week that it received a notice from the NYSE that it is not in compliance with listing requirements as the average closing price...

October 26, 2023

New York

ICG completes £125 million purchase of London DC portfolio

Asset management firm Intermediate Capital Group recently completed a £125 million purchase of offices and data center portfolio in London leased to UK telco Vodafone. The 260,000 square feet portfolio comprises five data centers which was initially acquired from British Land who announced the...

October 23, 2023

London

Smith County data center to get $2million renovation

Smith County, Texas is giving its data center at 200 E. Ferguson Street, Texas, the Smith County Annex a $2 million upgrade. This upgrade scheduled to begin on November 1, 2023, is expected to be completed by December 20, 2024.The mission for this upgrade is focused on enhancing the IT infras...

October 09, 2023

Texas

AI Edge chip company Kneron raises additional $49m funds

Kneron, a startup developing chips for AI inferencing, has raised $49 million from investors to scale up its hardware-developing efforts. Investors, including Foxconn HH-CTBC Partnership (Foxconn Co-GP Fund) and Alltek, made this additional investment, bringing the total Series B financing to ...

September 30, 2023

San Diego

DigitalBridge completes DataBank recapitalization

DigitalBridge Group recently revealed the completion of DataBank's recapitalization. The Group announced that DigitalBridge received an additional funding of $219 million, bringing the total costs of the recapitalization to $2.2 billion. This completed recapitalization will bring about a separ...

September 22, 2023

DataBank

Netsolus, a Kansas City data center provider, is acquired by IP Pathways

IP Pathways bought Netsolus, a Missouri-based MSP. This week, IP Pathways of Des Moines, Iowa, announced that it will merge with Netsolus of Kansas City, broadening its footprint and services in the Kansas City region. The deal's terms were not disclosed.IP Pathways was founded in 2007 and pro...

August 24, 2023

Kansas

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