Data Center News

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

Seattle

Department of Commerce signs non-binding preliminary memorandum with Rogue Valley Microdevices

The US Department of Commerce has signed a non-binding preliminary memorandum of terms with Rogue Valley Microdevices (RVM) to provide up to $6.7 million in proposed direct funding under the CHIPS and Science Act.“The proposed investment in RVM is another example of how the Biden-Harris Admini...

July 05, 2024

United States

Department of Commerce announces funding to scale up 12 US Tech Hubs

The US Department of Commerce's Economic Development Administration (EDA) has announced $504 million in funding to scale up 12 sites that were designated as Tech Hubs by the Biden Administration. This fund will be used to expand research into artificial intelligence, semiconductor manufacturin...

July 03, 2024

United States

Nvidia ex- exec Simona Jankowski appointed CFO of Lightmatter

Nvidia’s former VP of investor relations and strategic finance, Simona Jankowski, has been appointed CFO of photonic computing company Lightmatter after leaving Nvidia after almost seven years with the company. Before her time at Nividia, she was a managing director at Goldman Sachs for over a...

July 02, 2024

United States

CBRE to merge its project management business

Real estate and investment firm CBRE has revealed plans to merge its project management business with its majority-owned subsidiary, Turner and Townsend (T&T). Following this merger, CBRE will own 70 percent of the combined T&T/CBRE project management business, with the T&T partner...

June 29, 2024

United States

Nokia acquires Infinera for $2.3bn

Nokia has entered a definitive agreement to acquire optical networking vendor Infinera for $2.3 billion with an understanding to make at least 70 percent of the payment in cash, and the overall deal including the repurchase of the $760 million in convertible notes owned by Infinera.“In 2021 we...

June 28, 2024

United States

Google Cloud to provide private cloud region and colocation facility for CME Group

Google Cloud is providing a private cloud region for financial services company CME Group in Aurora, Illinois which will host a specialized platform to support global trading of CME's futures and options markets and will provide traders with access to a cloud-based low-latency network and high...

June 28, 2024

Illinois

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 underse...

June 27, 2024

New York

Hivelocity launches private cloud offering

IT service provider Hivelocity has launched a private cloud offering which uses the VMware Cloud Foundation (VCF), Cloud Director, and NSX architectures, as well as Hivelocity's pre-built infrastructure."As businesses seek to optimize their cloud expenditures while maintaining the necessary ca...

June 26, 2024

United States

CPUC denies AT&T’s request to be released from COLR duties

The California Public Utilities Commission (CPUC) has voted to deny AT&T’s request to be released from its duties as Carrier of Last Resort (COLR) in the state, leaving the company legally obligated to provide its telephone services to anyone who asks."Despite AT&T’s contention that pr...

June 26, 2024

California

Xerox to migrate workloads to Microsoft's Azure cloud

American printing and digital products provider has announced that it will be commencing a cloud migration to Microsoft Azure cloud with help from Tata Consultancy Services (TCS). After this migration, Xerox will be able to deploy a cloud-based ERP platform and to use technologies such as gene...

June 25, 2024

United States

Nuclear plant-owning utilities may join energy deals this year

A recent S&P Global Ratings research note has found that nuclear plant-owning utilities in the US are likely to sign energy deals with data centers this year. The report noted that nuclear operators poised to take advantage include Constellation Energy Group, PSEG Power, and Vistra.“While ...

June 24, 2024

United States

Duos unveils Edge data center unit

Duos Technology, a company that specializes in Machine Vision and AI to analyze fast-moving objects including trains, has launched a new edge data center unit called Duos Edge AI, Inc. The company noted it already deploys some solutions – including a railcar inspection system used by companies...

June 21, 2024

United States

Honeywell to acquire aerospace technology firm CAES for $1.9bn

US manufacturing company Honeywell has announced plans to buy aerospace technology provider CAES for $1.9 billion after agreeing to an all-cash deal with Advent International, the private equity firm that currently owns CAES.“This acquisition further positions Honeywell at the forefront of the...

June 21, 2024

United States

Johnson Controls sells Air Distribution Technologies unit

Johnson Controls this week announced it had reached a definitive agreement to sell its Air Distribution Technologies business to Truelink, a middle-market private equity firm based in Los Angeles. The brands included in this sale are Koch Filter, Titus, Ruskin, Krueger, PennBarry, and Tuttle ...

June 21, 2024

Los Angeles

HPE and Danfoss team up on modular data center heat reuse package

HPE has partnered with engineering company Danfoss on a new package to help data center operators recover waste heat in a deal which will see HPE’s scalable modular data center (MDC) products combined with Danfoss heat reuse solutions.“Our strategic partnership with HPE is a great example of h...

June 18, 2024

United States

StackPath to close down business and liquidate assets

Edge computing firm StackPath is closing the business and liquidating its assets as confirmed by many of its employees on LinkedIn. StackPath services set to be shuttered include Edge compute, DNS, object storage, network transit, data center colocation, and server monitoring. “After careful c...

June 17, 2024

United States

Provident Realty Advisors withdraws proposal for Indiana data center

Provident Realty Advisors notified Chesterton officials on June 10 about its intention to withdraw its proposal for a $1.3 billion data center in Chesterton, Porter County, Indiana.The led to from residents regarding the development, with concerns surrounding negative impacts of air, water, en...

June 14, 2024

Indiana

ZutaCore partners with Taiwanese IT infrastructure provider Wiwynn

Taiwanese IT infrastructure provider Wiwynn has invested in liquid cooling firm ZutaCore as part of the agreement to help accelerate the deployment of its HyperCool liquid cooling technology.“With dozens of HyperCool deployments in production, ZutaCore has emerged as the clear leader of direct...

June 13, 2024

United States

Lightpath to acquire United Fiber and Data (UFD assets

Infrastructure-based connectivity provider Lightpath has announced an agreement to acquire all of the assets of United Fiber and Data (UFD) in a transaction subject to regulatory approvals and is expected to close in the third quarter of 2024.UFD owns and operates a diverse 323-route mile, hi...

June 12, 2024

Virginia

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