IOT NEWS

Industrial IoT News

Industrial IoT Home

EdgeMicro Receives $5 Million for Data Center Expansion

By Ken Briodagh
May 19, 2020

According to a recent release, EdgeMicro, an edge co-location company, has secured $5 million in investments, reportedly to accelerate its expansion. DH Capital, LLC, an investment banking firm serving companies in the internet infrastructure, communications, and software sectors, served as EdgeMicro’s financial advisor.  

“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,” said Adam Lewis, Managing Partner, DH Capital, LLC. “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.” 

This capital reportedly will be used to launch several additional micro data centers. The new sites will be announced in the coming weeks, the locations finalized via collaborative effort between EdgeMicro and its expanding base of core clients. The additional capital also helps create and deliver expanding solutions to simplify how organizations deploy successfully at the edge.

“EdgeMicro continues to demonstrate its ability to scale with velocity,” said Mike Hagan, Founder & CEO, EdgeMicro. “Our team remains highly focused to deliver colocation solutions with the speed, efficiency and reliability companies need to win at the edge.”

In addition to securing funding, EdgeMicro also announced that it has expanded its leadership team with Lauri Abrahamson, who moves from her consulting role to join the company as Director of Business Development and Christian Kersgard as Senior Manager of Service Delivery.


Ken Briodagh is a storyteller, writer and editor with about two decades of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

Editorial Director

SHARE THIS ARTICLE
Related Articles

Semitech Semiconductor Dual-Mode Communication Platform Receives G3-PLC Hybrid Certification

By: Alex Passett    5/25/2023

Semitech Semiconductor, a provider of high-performance IoT/IIoT products, received official certification from the G3-Alliance on its SM2400 PLC+RF du…

Read More

'Warehouse Cleaning, Without Compromise' - Avidbots Launches its Neo 2W Autonomous Cleaning Robot

By: Alex Passett    5/15/2023

Purpose-built for dynamic IIoT environments, Avidbots' Neo 2W automates time-consuming, labor-intensive tasks that come with floor care.

Read More

Next-Gen Lithium-Ion Battery Packs: In-Progress Innovation from Flux Power Holdings and UL Solutions

By: Alex Passett    5/11/2023

Flux Power Holdings has completed UL Solutions' third-party, data-backed certification and compliance testing and will move on to the next phase hitti…

Read More

Emerson's SolaHD has Launched its IIoT Network Connectivity and Power Supply Solution

By: Alex Passett    5/8/2023

SolaHD, an Emerson brand, has launched its next-gen power solution for bringing network connectivity to its SDN-D power supply and its SCM, or SolaHD …

Read More

Heavy Lifting in IIoT: Alleviating Labor Shortages as Challenges Impact the Supply Chain Industry

By: Alex Passett    5/4/2023

Ivanti Wavelink recently announced the results of its "Heavy Lift: Supply Chain Trends for 2023" survey that looked at more than 200 different types o…

Read More