AFTER SECURING $5M TO FUEL EXPANSION
Edge colocation service provider EdgeMicro, has just announced five new micro data centers (MDCs) across the United States, which are now under construction.
The additional five sites include Cleveland, Indianapolis, Memphis, Houston, and Pittsburgh which are expected to augment EdgeMicro’s already operational sites in Austin, Texas; Raleigh, North Carolina; and Tampa, Florida.
“Success of our initial locations has accelerated our deployment to the edge,” said Mike Hagan, Founder and CEO of EdgeMicro.
“Our portfolio of eight strategically positioned MDCs offer businesses the chance to connect to users and fully demonstrates our ability to scale in a rapidly growing edge market. By offering infrastructure closer to the end user, we lower latency and positively impact the bandwidth challenges that have been created by increasingly important work-from-home demands related to the COVID-19 pandemic.”
About 3 months ago, EdgeMicro secured a $5 million funding to launch several additional micro data centers. EdgeMicro’s financial advisor for the funding was DH Capital, LLC, an investment banking firm that serves companies in the internet infrastructure, communications, and software sectors.
“We are pleased to support EdgeMicro as the company continues to bring crucial connectivity services through its micro data centers to underserved areas of the country. With the nation’s rising demand for bandwidth, we believe EdgeMicro’s business model and expert team are well positioned to support the massive growth at the edge,” said Adam Lewis, Managing Partner at DH Capital, LLC.
In February, the company also entered into a customer agreement which enables Cloudflare to deploy its edge cloud-based solutions on EdgeMicro’s facilities in Austin, Raleigh and Tampa as well as in over 30 additional sites within the U.S.
“Due to our expanding portfolio we are experiencing heightened leasing activity. EdgeMicro’s ability to deliver reliable, repeatable colocation and connectivity is paying off for both our business partners and the mutual customers we serve,” said Jason Bourg, Vice President of Revenue at EdgeMicro.
As announced, the construction process has already begun and the five facilities are slated to be online in early Q4 2020.