United States Data Center News

Cloud computing startup Hive raises $13 million in new funding round

Cloud computing startup Hive has completed a Series A round of funding led by SC Ventures, the venture arm of Standard Chartered with $13 million and plans to use this fund to further its plans for a decentralized cloud, using an aggregation of individual devices' unused storage and computing....

March 27, 2024

Abdul-Rahman Oladimeji

United States

Eiyan closes $60 million Series B funding round

Chiplet interconnect manufacturer Eliyan has closed a $60 million Series B funding round co-led by Samsung Catalyst Fund and Tiger Global Management and included participation from existing investors, including Intel Capital, SK Hynix, Cleveland Avenue, and Mesh Ventures. The funding round fol...

March 25, 2024

Abdul-Rahman Oladimeji

United States

Nautilus unveils new modular data center offering

Nautilus Data Technologies has launched a new product line known as EcoCore, based on the cooling technology the firm developed for its own data centers. The modular data center design offers 2.5MW of capacity. Nautilus said EcoCore “enhances prefabrication efficiency and streamlines the const...

March 25, 2024

Abdul-Rahman Oladimeji

United States

Ericsson launches dedicated federal 5G units in US

Ericsson has launched an entity dedicated to delivering 5G services for multiple agencies in the US federal government. This is in its aim to support state and federal government entities to boost services and natural security, plus US defense modernization programs. “Connecting individuals, b...

March 21, 2024

Abdul-Rahman Oladimeji

United States

Foundry Technologies launches AI cloud platform

Foundry Technologies, a new cloud platform, launched this week with $80 million of funding gottenfrom a round led by Sequoia Capital and Lightspeed Venture Partner. They were joined by other investors including Microsoft's venture capital arm, Google chief scientist Jeff Dean, OpenAI’s Liam Fe...

March 21, 2024

Abdul-Rahman Oladimeji

United States

Schneider Electric and Mainspring Energy partner on fuel-flexible microgrid solution

Schneider Electric and Mainspring Energy have partnered on a fuel-flexible microgrid solution using Schneider's EcoStruxure offering and Mainspring's Linear Generator. The Schneider Electric-Mainspring Microgrid Solution enables customers to power their self-contained electrical network and in...

March 21, 2024

Abdul-Rahman Oladimeji

United States

TSMC and Synopsys use Nvidia’s cuLitho for chip development

GPU designer Nvidia announced the computational lithography library this time last year, saying that contract chip manufacturers TSMC and ASML were testing it out, alongside chip design tools company Synopsys. Vivek Singh, Nvidia's VP of advanced technology, said, "A chip is made up of trilli...

March 19, 2024

Abdul-Rahman Oladimeji

United States

US government to award Intel $8.5 billion in direct funding under CHIPS Act

The US government is set to award Intel $8.5 billion in direct funding under the CHIPS and Science Act as confirmed by the Department of Commerce on Tuesday. Intel is also to get an additional $11bn in low-interest rate loans and a 25 percent investment tax credit on up to $100 billion of Inte...

March 18, 2024

Abdul-Rahman Oladimeji

Arizona

Arabsat signs MoU with Anexia

Arabsat and cloud and managed services company Anexia have signed a memorandum of understanding (MoU) for satellite-connected private cloud infrastructure. This new agreement will bring together satellite communications, private cloud services, and GPU technology services by combining their of...

March 13, 2024

Abdul-Rahman Oladimeji

United States

US Politicians propose plan to restore the FCC’s spectrum authority

Two US politicians have proposed a new spectrum pipeline legislation to restore the US Federal Communications Commission's (FCC) authority to hold spectrum auctions. This comes about a year after the US Senate allowed it to lapse for the first time ever. The proposal by senators Ted Cruz and J...

March 13, 2024

Abdul-Rahman Oladimeji

United States

FCC increases benchmark for high-speed fixed broadband to 100Mbps

The Federal Communications Commission (FCC) has increased its benchmark for high-speed fixed broadband to download speeds of 100 megabits per second and upload speeds of 20 megabits per second. This fulfils a four-fold increase from the 25/3 Mbps benchmark set by the Commission in 2015 The in...

March 11, 2024

Abdul-Rahman Oladimeji

United States

Iridium Communications acquires PNT provider Satelles for $115 million

Iridium Communications, in its first ever acquisition has acquired Positioning Navigation and Timing (PNT) provider Satelles. The company revealed that it had entered into an agreement to acquire Satelles, Inc., a provider of satellite-based time and location services akin to GPS and other GNS...

March 11, 2024

Abdul-Rahman Oladimeji

United States

Modine plans expansion of Virginia factory

Thermal management company Modine plans to expand its existing factory in Rockbridge County, Virginia with a $18.1 million investment. This expansion will create 211 new jobs in Virginia. “Virginia is a world leader in the data center industry, and we are proud to contribute to the industry’s ...

March 08, 2024

Abdul-Rahman Oladimeji

Virginia

Data Clean acquires another data center cleaning business

Angeles Equity Partners-owned company Data Clean Corporation this week announced the acquisition of DP Guardian, Inc., a Colorado-based provider of critical environment cleaning services and installer of airflow containment systems for data centers. “Partnering with DP Guardian is a significa...

March 08, 2024

Abdul-Rahman Oladimeji

Colorado (CO)

Shentel to sell tower portfolio to Vertical Bridge

Shenandoah Telecommunications Company (Shentel) announced that it has agreed to sell its tower portfolio which consists of 226 portfolio sites to Vertical Bridge for $310.3 million after entering into a purchase and sale agreement with Vertical Bridge last week. Shentel’s President and CEO, C...

March 05, 2024

Abdul-Rahman Oladimeji

United States

Grop acquired Definitive Intelligence to support newly formed unit

AI chip startup Groq has acquired Definitive Intelligence for an undisclosed sum to support its newly formed GroqCloud unit, which Definitive Intelligence co-founder and CEO Sunny Madra will lead. GroqCloud is a cloud platform that provides Groq hardware documentation, code samples, and on-de...

March 04, 2024

Abdul-Rahman Oladimeji

California

Leesburg Council vote in favor of rezoning for proposed data center

Town council officials in Leesburg, Virginia, announced this week that they have voted to approve a rezoning application that will allow data centers and additional industrial and research park uses on two parcels of vacant land to the south of Leesburg. Springfield East, LC, the applicant so...

March 01, 2024

Abdul-Rahman Oladimeji

Virginia

Summit acquires managed services provider Deft

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....

February 26, 2024

Abdul-Rahman Oladimeji

United States

GlobalFoundrues receives over $2 billion in finding from the government

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 Ch...

February 21, 2024

Abdul-Rahman Oladimeji

United States

Northwood Space founded by former disney actor raises over $6 million

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...

February 21, 2024

Abdul-Rahman Oladimeji

California

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