By 121 News
Chandigarh 01st July:- NxtGen Datacentre & Cloud Technologies, the IT infrastructure services company, headquartered in Bengaluru, has raised $13.5 million from International Finance Corporation (IFC), a member of the World Bank Group; international investment firm, Axon Partners Group; and Intel Corporation's global investment organization, Intel Capital; as part of series B funding for expansion activity. The financing will be used to complete a high density data centre facility in Bangalore and increase further investments into cloud infrastructure. NxtGen currently has two data centres in India – in Mumbai and Bengaluru – and has offices in four major metros Bengaluru, Mumbai, Chennai, and Delhi. It has 105 employees and 200+ channel partners taking its services to market.
A S Rajgopal, CEO, NxtGen this second round of funding, will enable us to further strengthen our growth plans in India and initiate our international strategy. We are thankful to Intel for reinforcing their commitment in us and participating in the second round. Both IFC and Axon, bring in a wealth of global market experience to guide us in this rapid growth phase. We look forward to delivering increased value proposition to our customers globally.
Atul Mehta, IFC Director for Telecom, Media, and Technology, Venture Capitals and Funds, said that affordable and effective IT infrastructure colocation and cloud computing services are increasingly important for digital inclusion and economic development. Built to top industry standards, NxtGen's data centers will support India's growing need for data consumption, incur capital savings for businesses, and boost direct and indirect job creation.
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