Company raises $16 million in funding and gains access to additional $55 million credit facility to support sustained growth.
365 Data Centers has announced that it has raised $16 million in Series B funding from existing investors Crosslink Capital and Housatonic Partners and has secured a $55 million credit facility from Fortress Credit Corp., an affiliate of Fortress Investment Group, that enables the company to execute on its continued expansion strategy. Just a few months after announcing a new management team, corporate identity and 365 Quick Start. which makes data centers more accessible, 365 Data Centers has achieved triple-digit percentage YOY sales growth and broken its all-time quarterly sales record by over 20 percent.
The financing will be used for ongoing operations and to help the company realize its growth strategy as a provider of colocation services in tier 1 and tier 2 U.S. markets. The funds will also be used to develop new data center products, as well as expanding its cloud and managed services offerings. With a presence in 16 U.S. markets, more than most other colocation providers, 365 Data Centers provides highly reliable data center services with cloud-like, commitment-free contract terms that are ideally suited for service providers, content providers, carriers, and small to medium-sized businesses.