Cloud Infrastructure Monthly:
June 2024

3 in Finance

6/26: eStruxture Data Centers (Montreal, Quebec), operator of cloud and carrier-neutral data centers intended for network providers, raises $1.8B in growth equity in the single biggest investment to ever be made in the Canadian data center sector. The round was led by Fengate Asset Management, a leading North American alternative investment manager. (Link)

6/25: Cloudian (San Mateo, CA), a developer in secure S3-compatible AI data lake technologies, secures $23mm in growth equity financing from Morgan Stanley Expansion Capital. (Link)

6/18: ST Telemedia Global Data Centers (STT GDC) (Singapore), one of Asia’s largest data center providers, has raised $1.3B from a KKR-led consortium alongside Singtel. (Link)

3 for Fun

Cisco secures a new $1B fund to bolster the AI startup ecosystem (Link)

Demand for Oracle’s Gen2 AI infrastructure surges as OpenAI climbs aboard (Link)

Nvidia CEO Jensen Huang is concerned about the CSPs inability to build-out data centers quickly enough, may severely impact chip sales (Link)

 

 

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