PlanckDOT Secures $1.6M Funding for Sustainable Edge Data Centers

• ByStartupStory     |    February 13, 2024

PlanckDOT, a start-up specializing in sustainable and energy-efficient edge data centers, has secured funding at a valuation of $20 million. The company has received precise funding of $1.6 million from HNI Angel Investors.

The funding will be utilized for research, marketing, and team-building initiatives. PlanckDOT focuses on setting up Edge and Hyperscaler data centers that are carbon-neutral, efficient, secure, and reliable. The company emphasizes innovations in cooling and adopts new technologies on the IT network side to reduce the PUE ratio even further.

Ali Ahmed Saleem, CFO and co-founder of PlanckDOT, stated, “Our focus is to create transformative change in the data center space through collaborations and research. PlanckDOT is poised to lead India’s data center expansion and growth due to the demand for digital services and cloud computing. According to CBRE, India plans to invest $20 billion in digital infrastructure, and we and our customers are committed to becoming a substantial part of this expansion.”

“We have recently launched two Tier III compliant edge data center facilities for our customers, with seven more on the cards to be delivered soon. By the end of the year, we are bound to increase our data center numbers by thirteen times the numbers we have achieved till now,” Ali added.

PlanckDOT’s mission is to contribute to a greener planet through transformative innovations, leveraging cutting-edge technology. The company’s initiatives focus on improving the Power Usage Effectiveness (PUE) ratio in data centers, aiming to achieve a constant of 1.0, signifying perfect efficiency in energy consumption.

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