March 27, 2024 United States
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....
Read more
March 25, 2024 United States
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...
Read more
March 25, 2024 United States
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...
Read more
March 21, 2024 United States
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,...
Read more
March 21, 2024 United States
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...
Read more
March 21, 2024 United States
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...
Read more
March 19, 2024 United States
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 trillions...
Read more
March 18, 2024 Arizona
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 Intel’s...
Read more
March 13, 2024 United States
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 John...
Read more
March 13, 2024 United States
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...
Read more
March 11, 2024 United States
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...
Read more
March 11, 2024 United States
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...
Read more
March 08, 2024 Colorado (CO)
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 significant...
Read more
March 08, 2024 Virginia
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...
Read more
March 05, 2024 United States
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,...
Read more
March 04, 2024 California
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-demand...
Read more
March 01, 2024 Virginia
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 sought...
Read more
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....
Read more
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...
Read more
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...
Read more