Data Center News

Sophia Space Secures $3.5m for Orbital Data Centers

Seattle-based Sophia Space, an orbital computing venture, has raised $3.5 million in pre-seed funding led by Unlock Ventures with the participation of angel investors, to develop Edge compute solutions for orbit and what they call space-based data centers.“We are at the dawn of a new era where...

May 27, 2025

Abdul-Rahman Oladimeji

Seattle

Phaidra raises funds for data center cooling control system

Industrial AI company Phaidra has raised $12 million for its data center cooling control system from Index Ventures and will use the money for R&D, implementation, and go-to-market efforts.“The data center industry is in the midst of an arms race to build new capacity wherever land and po...

July 05, 2024

Abdul-Rahman Oladimeji

Seattle

GI Partners acquires fiber firm DQE Communications

Investment firm GI Partners this week announced the closing of the acquisition of Pennsylvanian regional fiber firm DQE Communications from DQE’s parent company, Pittsburgh-based Duquesne Light Holdings Inc. The company has also appointed Michael T. Sicoli as CEO of the company, effective imme...

May 06, 2024

Abdul-Rahman Oladimeji

GI Partners

GI Partners' managing director, John Sheputis, announces resignation

GI Partners' managing director, John Sheputis, who has been with the company for over four years, has now announced his resignation. According to his LinkedIn profile, he left the MD role in November 2023, carrying on as a senior advisor until the end of the year before finally departing. He i...

February 09, 2024

Abdul-Rahman Oladimeji

GI Partners

LightEdge acquires data center in Minneapolis, Minnesota.

GI Partners-owned company LightEdge this week announced it had acquired a 76,000-square-foot, 3.6MW facility, located at 1708 West Creek Lane in Carver County, Chaska, Minnesota. This data center houses 30,000 square feet of data hall space across three private data center suites. LightEdge ...

January 18, 2024

Abdul-Rahman Oladimeji

GI Partners

GI Partners Buys Sentinel's 22262 Cloud Plaza in Sterling, Virginia

GI Partners has completed the acquisition of a data center in Sterling, Virginia. The investment firm announced that it acquired the 22262 Cloud Plaza from Sentinel Data Centers. The companies did not reveal the terms of the deal. 22262 Cloud Plaza was first launched and fully commissioned ...

May 19, 2022

Abdul-Rahman Oladimeji

GI Partners

GI Partners completes the acquisition of LightEdge

GI Partners has completed the acquisition of Des Moines-based colocation provider LightEdge. LightEdge operates seven data centers in Kansas City, Des Moines, Raleigh, Austin, and Omaha. Anschutz Corporation has owned the majority of the firm since 2018. CEO of LightEdge, Jim Masterson, sai...

September 14, 2021

Abdul-Rahman Oladimeji

GI Partners

GI Partners new ETS Fund to target data centers and life sciences

GI Partners has launched the GI Real Estate Essential Tech + Science Fund (ETS Fund), which will look to acquire data center properties and life sciences assets. The fund will also focus on always-on R&D facilities in the office and industrial sectors. Former president of Infomart, John...

July 14, 2021

Abdul-Rahman Oladimeji

GI Partners

GI Partners Acquires KOMO Plaza in Seattle, Washington

SAN FRANCISCO, Jan. 5, 2017 /PRNewswire/ -- GI Partners ("GI"), a leading alternative asset manager, announced today it has acquired KOMO Plaza, a state-of-the-art carrier hotel and data center facility located at 100 and 140 Fourth Avenue North in Seattle, Washington for $276 million. The high...

January 06, 2017

Eric Bell

KOMO Plaza (was Fisher Plaza)

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