45k user reviews & 1 million votes, over 29k web hosting brands & 85k plans since 2004!
Menu
WHTop → 📋 News → GMI Cloud Secures $82M to Drive Global Access to GPUs and Cloud Tech
GMI Cloud Secures $82M to Drive Global Access to GPUs and Cloud Tech
📅 - Silicon Valley-based AI-native GPU cloud provider GMI Cloud has secured a significant investment, raising $15 million in equity from Headline Asia in a Series A funding round and an additional $67 million in debt financing. This new funding brings GMI Clouds total capital to nearly $93 million, positioning the company for rapid expansion as a vertically integrated cloud provider for AI and machine learning (ML) solutions.
Major backers include tech service leader Wistron Corporation and Banpu Next, a prominent smart energy developer in Asia-Pacific. GMI Cloud plans to use the capital to establish a new data center in Colorado, furthering its presence in North America and enhancing its [...][... Check source for end of article ...]
Tags: IaaS Hosting
Reads: 153 | Category: General | Source: Hosting Jurnalist : Hosting Jurnalist | Author: URL source: https://hostingjournalist.com/news/gmi-cloud-secures-82m-to-drive-global-access-to-gpus-and-cloud-tech Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!
Other news
📅 - Modine Opens Calgary Plant to Meet Growing Data Center Cooling Demand - Modine, a global leader in thermal managementtechnology and solutions, has officially opened a new 23,200-square-meter manufacturing facility in Calgary, Canada, dedicated to producing Airedale by Modine precision cooling equipment. The facility responds to the rising demand for data center cooling solutions, particularly from hyperscale clients.
The hyperscale segment os a fast-growing sector for Modine which increasingly relies on high-efficiency cooling to support its large-scale data processing operations.
The new plant aligns with Modine's broader global expansion strategy and follows closely on the heels of the company's recent facility launch in Bradford, UK. According to Eric [...]
📅 - New Initiative to Enhance U.S. Data Center Flexibility and Grid Reliability - The Electric Power Research Institute (EPRI) has launched DCFlex, an ambitious program aimed at transforming data centers into pivotal allies in the clean energy transition. EPRIs initiative unites industry leaders to leverage data centers for grid resilience and energy optimization, including NVIDIA, QTS Data Centers, Compass Datacenters, Meta, and Google.
In recent years, the demand on the U.S. electric grid has been impacted by converging trends, from the electrification of transportation to increased industrial activity and the integration of artificial intelligence (AI) into operations. The cumulative effect is a rise in power consumption, especially from hyperscalers - companies [...]
📅 - AMD Reports $6.8B Q3 Revenue Driven by Record Data Center Growth - AMD has announced strong third-quarter results for 2024, reporting $6.8 billion in revenue, a 50% gross margin, $724 million in operating income, and a net income of $771 million. The companys growth was primarily driven by record-breaking performance in its data center segment, which generated $3.5 billion - a 122% increase year-over-year and a 25% sequential rise - fueled by high demand for AMD Instinct GPUs and AMD EPYC CPUs.
AMD Chair and CEO Dr. Lisa Su highlighted AMD's data center products' strengths, pointing out that there is a strong market for both EPYC CPUs and Instinct GPUs. Lia Su said that rising sales of Ryzen PC processors were another factor contributing to the surge. [...]
📅 - Registration Open for Data Center World 2025: Explore Key Industry Trends - The event is expected to bring together over 3,000 attendees and more than 250 exhibitors April 14-17, 2025 at the Walter E. Washington Convention Center in Washington, D.C. Data Center World is AFCOMs annual gathering of IT and data center professionals.
The Data Center industry is at an inflection point. Demand is multiplying while supply is constricting. The workforce is turning over and how we get things done is evolving. Power resourcing, sustainability and political unrest are of greater consideration than they have ever been, said Tara Gibb, Senior Director, Data Center World. Our event is the only global industry event that combines real-world, practitioner and thought leader [...]
📅 - Kaseya Boosts MSP Profitability with Kaseya 365 User Launch at DattoCon Miami - Kaseya also announced it has acquired SaaS Alerts, an industry-leading cybersecurity company that helps MSPs monitor and protect customer's SaaS application usage. SaaS Alerts' technology is included for free as part of the Kaseya 365 User subscription, adding significant value to the new subscription for MSPs.
"Our mission is to make our partners more profitable, by providing them a platform that provides far more AI-based automation than otherwise available, and offering that platform at a fraction of the cost," saidFred Voccola, CEO, Kaseya. "When we launched Kaseya 365 Endpoint earlier this year, the market response was astounding. Our goal from the beginning of our journey was to [...]
📅 - Aviatrix Enhances Threat Intelligence and Cloud Network Performance - With its latest software release and introduction of new features, including the Hybrid Cloud Transit and Distributed Cloud Firewall (DCF) integration with enhanced threat intelligence capabilities, Aviatrix is equipping enterprises to secure their cloud egress and hybrid-cloud connectivity, areas that have long posed challenges for cloud-first organizations.
As enterprises migrate more workloads and modernize on cloud workloads, they increasingly end up with hybrid and multicloud architectures. Because of this, they face challenges in maintaining consistent, secure, high-performance connectivity between their on-premise data centers and cloud environments. Managing a cloud network often [...]
