The rapid rise of artificial intelligence is driving a huge surge in data center development. Companies are racing to build more capacity and hire staff with the right skills to support this new era. Experts say the demand for data center resources could more than triple by 2030, fueled by AI workloads and other data-intensive
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All posts tagged in Data Centers
Artie, a platform that helps companies stream data in real time, has raised $12 million in a Series A round. The funding was led by Dalton Caldwell at Standard Capital, with participation from Y Combinator, Pathlight Ventures, and notable angel investors. These include Dropbox co-founder Arash Ferdowsi, Mode CTO Benn Stancil, Substack CEO Chris Best,
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Yuki, a startup focused on optimizing data costs, has announced its launch from stealth mode with a $6 million seed investment. The funding round was led by Hyperwise Ventures and also included investors like VelocitX, Tal Ventures, Fresh.fund, and Yakir Daniel, the founder of Spot.io. The Israeli company is tackling a growing problem: most organizations
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Neurophos, a startup based in Austin, has raised $110 million in a Series A funding round. The round was oversubscribed, showing strong investor interest. The company aims to bring to market photonic AI chips that could outperform traditional silicon-based processors by a large margin. The investment will help Neurophos accelerate its plans to revolutionize AI
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Drut Technologies, a well-known company in high-performance compute infrastructure, has announced a new brand identity: Corespan Systems. This change reflects the company’s expanded focus on making AI and data center systems more scalable and efficient worldwide. The rebrand comes as Corespan continues to grow and introduce new products and partnerships, aiming to serve the next
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Upscale AI has announced a major boost in its funding, closing a $200 million Series A round led by top investors including Tiger Global, Premji Invest, and Xora Innovation. The round was oversubscribed, with participation from Maverick Silicon, StepStone Group, Mayfield, Prosperity7 Ventures, Intel Capital, and Qualcomm Ventures. This new funding pushes the company’s total
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Syntys, a major data center provider in the Middle East, has announced a significant expansion in Qatar. The company has acquired Q Data QFZ LLC, which operates hyperscale data centers in the country. This move boosts Syntys’s capacity to serve cloud and AI clients across the Gulf region, addressing rising demand for digital infrastructure. Details
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Last week, Amazon Web Services (AWS) announced a new independent cloud offering aimed at easing concerns about digital sovereignty among European customers. While many see it as a step toward better compliance with local regulations, questions remain about how much control it truly provides. The AWS European Sovereign Cloud is designed to give businesses in
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CoreSite, a key player in data center solutions and part of American Tower, has announced a major upgrade at its Chicago campus. The company now offers native 400 Gbps AWS Direct Connect, making it easier for customers to handle demanding workloads like AI, big data, and enterprise applications. This move aims to provide ultra-fast, low-latency
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Rackspace has recently raised the prices for its email hosting services, causing concern among long-time users. One partner, which has relied on Rackspace since 1999, called the new pricing “devastating.” The change has many businesses reevaluating their email strategies as costs increase significantly. Significant Price Hike for Basic Plans Previously, Rackspace charged $3 per mailbox
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