New York: Metrobloks raises $5.2 million in funding round

Metrobloks, a new data center startup focused on metro projects this week announced an oversubscribed $5.2 million seed round led by Current Equity Partners with the backing of Serena Capital. The company noted that it designs, deploys, and operates modular and scalable data centers in underserved urban markets to provide low-latency, high-capacity data solutions for AI/ML, IoT, gaming, streaming, and other data-intensive services and aims to deliver high-performance data centers in urban metro markets.

“Over the past year, we have seen AI capabilities firmly placed in the hands of consumers. Recent news and product announcements have underscored that AI will be everywhere, integrated directly into Edge and endpoint devices,” said Ernest Popescu, CEO of Metrobloks. “Metrobloks’ goal is to extend data center capacity to these devices, especially in underserved metro markets. By providing 'AI at the Edge,' we enable real-time processing and decision-making without reliance on cloud servers. This decentralization of AI processing offers low-latency capabilities and improved reliability to enterprise customers and traditional hyperscalers, whose services are often located in congested and over-developed campuses far away from end users.”

“We are thrilled to partner with Ernest and the broader Metrobloks team as they address a growing crucial need in the data center market,” said PJ Fielding, managing partner at Current Equity Partners. “Their deep experience and innovative approach make them well-positioned to transform how data centers operate in metropolitan areas.”