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Intel invests in Bangalore-based cloud start-up

Posted: 14 Aug 2013     Print Version  Bookmark and Share

Keywords:NxtGen Datacenter  Intel Capital  cloud  Bangalore 

Bangalore-based start-up NxtGen Datacenter and Cloud Technologies has raised Rs.54 crore ($9 million) from Intel Capital. As a part of the deal, Intel Capital will get an undisclosed equity stake in the company.

Founded in 2012 by AS Rajgopal, NxtGen provides central IT platform as a service, including data centre. It provides datacenter and cloud services from it's own High Density Data Centre (HDDC) facilities or deploy centrally managed On Premise Data Centre (OPDC). NxtGen is the only datacenter service company in India offering OPDC hybrid solution on a pay-by–use model.

For NxtGen, the Rs.54 crore investment is the first round of funding, as reported by ET.

The company has a cloud data centre in Bangalore and is planning to launch another in Delhi and Mumbai. According to reports, NxtGen is targeting revenues of Rs.500 crore in next three years. It has even bought around ten acres of land in the outskirts of Bangalore for setting up an advanced facility.

Demand for data centre and storage services has been growing in India. According to IDC research, the third-party data centre opportunity in India at around nearly Rs 4,000 crore ($671 million) by the end of 2012—a growth of 36.5 per cent from the year ago period.

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