DataBank adds $350m financing to US edge data centre expansion

Data Centre

DataBank Inc., a connectivity and cloud provider, has secured $350 million in financing for an expansion of its US data centre infrastructure.

The financing, led by TD Securities, includes a 5-year loan of $175 million as well as a delayed loan of $125 million and $50 million in revolving credit.

The $350 million package comes weeks after the Dallas, Texas-based company announced a $715 million financing on 1 March.  

DataBank will use the new funds to...

Linux Foundation and Open Grid collab to drive edge innovation

Mobile Network

The Linux Foundation and Open Grid Alliance are collaborating to integrate LF Edge architecture into open grid infrastructure.

LF Edge projects are designed to automate edge infrastructure and build autonomous grid infrastructure. The Linux Foundation is a non-profit organisation that seeks to standardise Linux development and promote its growth and adoption.

Open Grid Alliance was founded in 2021 as a consortium of global tech companies looking to rearchitect the...

Ori and KX team up on edge streaming solution to BT Enterprise

A BT engineer looking at a map on a tablet

Edge infrastructure firm Ori Industries is working alongside streaming analytics company KX to create an ultra-low latency streaming analytics solution for BT Enterprise customers.

Leveraging a Tier 1 telco network, Ori’s Global Edge (OGE) platform and KX’s analytics software will enable real-time stream analytics at the edge, increasing speeds and data usage.

Both firms are currently working with BT Innovation Labs to bring the combined solution to the telco...