February 26, 2024 United States
US cloud hosting firm Summit has acquired managed services provider Deft. Deft co-founders and principals Jordan Lowe, Daniel Brosk, and Eric Dynowski will join the Summit leadership team and retain a “significant ownership stake” in the business. Other terms of this deal have not been shared....
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February 21, 2024 United States
GlobalFoundries has been awarded $1.5 billion by the US government under the CHIPS and Science Act to subsidize the company’s future semiconductor production capabilities. The company will also be receiving another $600 million from the state of New York over the next decade under its Green Chips...
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February 21, 2024 California
Satellite ground station startup Northwood Space, a company led by a former Disney actor, has raised more than $6 million in seed funding. This company is led by Bridgit Mendler, an actress and singer who was once a regular on the Disney Channel. She launched this startup with her husband last...
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February 20, 2024 United States
Icetope has claimed that its precision liquid cooling technology has achieved chip-level cooling up to and beyond 1000W, reaching an important industry milestone for overcoming the challenges of rising thermal design power. In a new report published by the company, it claimed that at a flow rate...
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February 15, 2024 Virginia
The Loudoun County Planning Commission has rejected a data center proposed along Route 28 and the Old Ox Road interchange, close to Dulles International Airport in Virginia. This proposed project called "Innovation Gateway" project was for a 425-unit apartment building and 700,000 sq ft (65,030...
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February 15, 2024 Ohio
Expedient this week announced that it has launched services from a data center in Columbus, Ohio, previously operated by an insurance firm and has added a former Nationwide data center near Columbus to its portfolio. This facility located at 281 E. Powell Road in Lewis Center township, the...
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February 15, 2024 California
California-based company Edge computing orchestration startup Zededa last week announced the closing of the Series C round, led by Smith Point Capital which was founded by former Salesforce Co-CEO Keith Block. The company raised $72 million in its latest funding round which will see the company...
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February 15, 2024 United States
Direct-to-device satellite connectivity provider Skylo Technologies has raised $37 million from existing investors Intel Capital and Innovation Endeavours, and new backers BMW i Ventures, Samsung Catalyst, Next47, and Seraphim Space. This investment will help the company to expand its operations...
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February 14, 2024 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 property...
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February 09, 2024 New York State
Aqua Comms has entered an agreement with Energy Sciences Network (ESnet) that for 25 percent of a fiber pair between New York, Dublin, and London. This agreement will last for 15 years and will give ESnet a dedicated 5Tbps data pipe on its AEC-1 subsea cable to accommodate data traffic from those...
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February 08, 2024 Texas
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 to...
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February 07, 2024 United States
Verizon revealed in an announcement this week that it has deployed more than 130,000 Open RAN capable radios. The telco noted that the figure includes the massive MIMO radios as part of the previously announced 15,000 O-RAN compliant virtualized cell sites with O-RAN compliant baseband units in...
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January 18, 2024 United States
Growth equity firm General Atlantic has recently revealed plans to acquire sustainable infrastructure investor Actis. This deal will create an investment platform with about $96 billion in combined assets under management. Company head Torbjorn Caesar, who will continue to run the business, said,...
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January 17, 2024 United States
Cloud provider DigitalOcean which is dedicated to small-to-medium businesses and startups, has added to its GPU-accelerated cloud computing platform with Nvidia chips. With this new upgrade, DigitalOcean's ability to offer cloud-based artificial intelligence, machine learning applications, and...
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January 17, 2024 United States
Seagate Technology recently announced that it will be shipping 30TB hard drives based on its heat-assisted magnetic recording (HAMR) technology. The company expects to conclude full production by the end of March as hyperscale customers already have evaluation units and are planning to adopt it...
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January 16, 2024 United States
Investment fund Stonepeak has invested $200 million into Guam telecoms firm TeleGuam Holdings (GTA). Huntsman Family Investments and its affiliates (HFI) will continue to be the majority owner of GTA and operate the company which will divert the investment into developing additional cable landing...
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January 10, 2024 United States
Alphabet quantum spinout Sandbox AQ has acquired quantum and computational chemistry startup Good Chemistry. Neither of the companies disclosed the terms of this acquisition. However, the Wall Street Journal reported that the deal is worth $75 million and comprises of cash and stock. SandboxAQ...
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January 09, 2024 Tierpoint Fort Worth
US colocation provider TierPoint this week announced that it has acquired a multi-megawatt data center in Fort Worth, Texas. This data center located at 13701 Independence Parkway is the company’s third in the Dallas-Forth Worth area. The colocation provider noted that this facility sitting on 13...
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January 06, 2024 United States
Analog machine learning chip developer Aspinity has announced Richard Hegberg as its new CEO to replace the company’s co-founder Tom Doyle, who has held the position of CEO for the previous seven years. Doyle will, however, remain as a board member and will become the company’s chief operating...
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January 06, 2024 United States
Microcontroller manufacturer Microchip Technology is set to receive $162 million in funding from the US CHIPS and Science Act to support an increase in the company’s production of microcontroller units (MCUs) and other technology in the country. Ganesh Moorthy, President and CEO of Microchip,...
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