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...
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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...
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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...
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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...
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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,...
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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...
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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...
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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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