Tuesday Bytes: Connected2Fiber, Digital Crossroads, AMS-IX, STACK

March 23rd, 2021 by · Leave a Comment

Two interesting financial moves, a new data center tenant, and some more IX capacity in India.

Connected2Fiber has tapped the markets for yet another round of financing this week, raising $12M in series B funding. The company will use the resources to further enhance its SaaS platform for connectivity data, delivering new ecosystem integrations, API capabilities, and analytics. The round was led by Harbert Growth Partners, with existing investors also taking part. Connected2Fiber has now raised a total of $27M to fund its expansion.

The wholesale colo provider Digital Crossroads has picked up a new data center tenant out in Hammond, Indiana. Rack Bunker, a colo provider based in Indianapolis is planning to expand its footprint via space in DX-1, complementing their existing footprint. The expansion is expected to be operational on May 1 of this year.

AMS-IX and Sify are taking aim at four new cities in India. The two are expanding their IX partnership with new exchanges in the markets of Kolkata, Noida, Hyderabad, and Chennai. The new locations will be built off of AMS-IX's platform and are expected to come online later this year. In addition, their current AMS-IX India exchange will be rebranded as AMS-IX Mumbai.

STACK has raised a bundle of new cash via a new round of structured debt financing. The data center operator has issued $400M in securitized notes at a fixed rate coupon of 1.877%. The move comes just five months after a similar move raising $325M. STACK will use the resources to fund several client-focused initiatives. STACK says it saw record-breaking leasing activity in 2020, and has major projects underway in Portland, San Jose, and Atlanta.

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Categories: Datacenter · Financials · Interconnection · Software

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