The last time we caught up DC BLOX, the team had just completed a $ 15 million Series A funding round and was considering expanding its modular data centers.
Since then, the pandemic and the proliferation of data-driven businesses across the country have helped the Atlanta-based company grow.
Last week, DC BLOX secured $ 187 million in funding from Bain Capital Credit and existing investor Postal road group.
The company will use the funds to refinance its existing credit facilities, add liquidity to the balance sheet and increase the capacity of data centers in the South East.
Bill thomson, DC BLOX vice president of marketing and product management, told Hypepotamus that “investors clearly have confidence in our strategy.” Thomson added that the team has found a unique niche as businesses move to smaller towns.
“We are proving that the demand is there. Businesses in places like Birmingham, Chattanooga and Huntsville have access to the DC BLOX local network colocation, cloud storage and network and connectivity solutions. Thomson said the pandemic has forced companies to “reconsider their strategies for hosting their core infrastructure,” which often means using an outsourcing facility like DC BLOX.
The Atlanta-based team raised a $ 37 million Series B round in 2018 and has since expanded to Birmingham, Chattanooga and Huntsville.
In addition to funding news of $ 187 million, DC BLOX inaugurated a new data center in Greenville, South Carolina at the end of March 2021.
The facility, scheduled to open in the fourth quarter, will be the first multi-tenant data center in the state. “With the first designed Level III data center currently under construction in South Carolina, businesses that adopt digital transformation strategies should have access to the most reliable and interconnected facility in the state,” said Mark Masi, COO of DC BLOX. in a report. Whether it’s a prime location, cloud storage, disaster recovery, or a large data center footprint, we are proud to bring this data center campus at the cutting edge of technology in South Carolina. Now, even more businesses can take advantage of reliable and efficient data center services and private, high-speed, low-latency network access to cloud providers and large-scale applications.