March 29, 2024 London
University College London (UCL) spinout Oriole Networks has raised £10 million ($12.6m) in a seed funding round co-led by UCL Technology Fund, Clean Growth Fund, XTX Ventures, and Dorilton Ventures, with support from Innovate UK Investor Partnership. “As the demand for compute continues to...
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February 29, 2024 London
Property investor Segro has raised £900 million ($1.1 billion) in a share issue and intends to use this funds to develop its portfolio across the UK and Europe. The London-listed business had initially been hoping to raise £800 million ($1.01bn), but on Tuesday evening its directors said strong...
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February 23, 2024 Wales
Mavin, a UK-based IT services firm has announced it will install a Powercube data center at the Global Centre of Rail Excellence (GRCE) in Onllwyn, South Wales. “We are delighted to agree this partnership with Mavin and to utilize their cutting-edge Powercube design at the Global Centre of Rail...
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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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January 10, 2024 London
Investment firm Swiss Life Asset Managers this week entered an agreement with London-based InfraBridge, an infrastructure investment management division of DigitalBridge Group, to acquire a co-controlling equity stake in Telecom Infrastructure Partners (TIP). Gianfranco Saladino, head of...
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December 11, 2023 Vantage Data Centers
Vantage Data Centers is planning to expand data center operations into Taipei, Taiwan. The company announced this week that it is planning a new facility in Taipei called TPE1 data center and it is expected to be open in mid-2024. This new facility is being constructed on a 2-acre site. It is a...
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November 22, 2023 Johannesburg
Pan-African operator Open Access Data Centers (OADC) plans to expand its data center in Johannesburg, South Africa, and has reportedly begun work on phase two expansion of its Isando facility, which is expected to be complete in Q1 2024, adding 4MW and 600 racks. Darren Bedford, group chief...
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November 20, 2023 San Francisco Bay Area
OpenAI's co-founder and president, Greg Brockman, has quit the company after the board suddenly fired CEO Sam Altman last week. Brockman, who was initially made to step down as board chairman, has left the company. The board is yet to disclose the exact reason for firing Altman as the company...
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November 19, 2023 San Francisco Bay Area
OpenAI co-founder Sam Altman has been fired as CEO of the artificial intelligence startup as the board denounces confidence in his leadership. In a statement released by the company, the board noted that it “no longer has confidence in his ability to lead.” Mira Murati, OpenAI’s chief technology...
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November 18, 2023 London
Building consultancy Ridge recently acquired London-based Concert, a data center-focused consulting company, to boost its business in that sector. Both companies finalized this acquisition on November 3, but the terms of the transaction were not disclosed. Concert will operate under its current...
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November 17, 2023 Texas
Data Clean Corporation has acquired Texas-based critical environment cleaning company Sealco LLC, marking its second acquisition since it was bought by Angeles Equity Partners in November 2022. Frank Spelman, managing director at Angeles Equity Partners said, “Sealco is arguably one of the most...
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November 02, 2023 Vantage Data Centers
Vantage Data Centers has finalized an investment partnership with DigitalBridge and a consortium of investors led by MEAG and Infranity for some of its European data center assets. The collaboration between both companies consists of six data center facilities across Europe, valued at around €2.5...
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October 23, 2023 London
Asset management firm Intermediate Capital Group recently completed a £125 million purchase of offices and data center portfolio in London leased to UK telco Vodafone. The 260,000 square feet portfolio comprises five data centers which was initially acquired from British Land who announced the...
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October 13, 2023 Johannesburg
Telkom subsidiary BCX, in partnership with Alibaba Cloud, officially launched its Africa Local Public (ALP) Cloud service from two Johannesburg-based data centers last week. Both companies entered a partnership that grants BCX exclusive rights to distribute Alibaba Cloud’s products and services...
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October 09, 2023 Texas
Smith County, Texas is giving its data center at 200 E. Ferguson Street, Texas, the Smith County Annex a $2 million upgrade. This upgrade scheduled to begin on November 1, 2023, is expected to be completed by December 20, 2024. The mission for this upgrade is focused on enhancing the IT...
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October 07, 2023 Vantage Data Centers
Independent infrastructure investor Global Infrastructure Partners (GIP) along with its affiliates and co-investors, recently announced an investment in a term loan facility of up to $450 million in Vantage Data Centers. GIP acted as the lead investor in this transaction, with support from the...
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September 20, 2023 Berlin
The construction of a 100MW data center in Berlin, Germany, has received planning approval. This week, the German consulting and services firm Prea announced that it has received approval to construct a new data center in Berlin in collaboration with the Dutch developer Van Caem. Four four-story...
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September 11, 2023 Vantage Data Centers
AustralianSuper has made an investment in Vantage Data Centers' EMEA operations. Last week, the company announced it would invest $1.6 billion to acquire a "significant minority stake" in Vantage Data Centers Europe, Middle East, and Africa (Vantage EMEA), backed by DigitalBridge. The pension...
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September 04, 2023 Vantage Data Centers
Vantage Data Centers has made its first land purchases in Texas, both in San Antonio. The San Antonio Report reads, based on public records from Bexar County, that Vantage has acquired 89 acres of land in San Antonio spread across two separate parcels. On August 9, the firm purchased 31 acres at...
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August 22, 2023 Vantage Data Centers
Vantage Data Centers intends to construct a new campus in the Atlanta, Georgia, district of Douglas County. Vantage plans to construct nearly 1.7 million square feet of data center floor space through three buildings in Douglasville, according to a filing with the state under the Developments of...
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