365 Data Centers, an Emeryville, CA-based U.S. colocation provider, raised $71m in equity and debt financing.
The transactions included a $16m Series B funding from existing investors Crosslink Capital and Housatonic Partners and a $55m credit facility from Fortress Credit Corp., an affiliate of Fortress Investment Group.
The company intends to use the funds to expand operations as a provider of colocation services in tier 1 and tier 2 U.S. markets, to develop new data center products, as well as expanding its cloud and managed services offerings.
Led by John Scanlon, CEO, and Kevin Bostick, CFO, 365 Data Centers provides small and mid-sized businesses, telecom carriers and cloud service providers with colocation services to scale business growth and connect to the cloud.
Through its 17 U.S. data centers in 16 U.S. markets, 100% uptime SLA, and national network of carriers and content providers, 365 Data Centers offers flexible pricing models that allow customers to pay as they grow with no long-term lock in.