World’s first 5G-ready edge data centre system startup DataQube raises €26 million in a Series A

DataQube, a Cambridge-based data centre producer startup, has raised €26 million in a Series A funding round exclusively led by RGreen Invest. The funding is to be used to help the company aggressively market its offer and expand in other European countries with its recently opened office in Luxembourg to support this initiative.

Founded by a syndicate of industry experts, DataQube has developed an innovative and scalable edge data centre system that can be deployed internally or externally within a six-month timeframe and for 50% less cost than conventional systems. DataQube is the perfect infrastructure answer to the growing demand for local edge data centres.

Today, the Internet already consumes 10% of the world’s electricity, and if we don’t change the way data centres are built, this figure could rise to 50% by 2030,” explains Philippe Rechsteiner, CFO of DataQube.

We are delighted to have the support of an investor with a proven track record in green infrastructure and technology,” commented DataQube CEO David Keegan. “Our goal is to provide the data centre industry with a solution that has a significantly reduced environmental footprint. To date, the measures taken have been woefully inadequate and the overall energy consumption of the Internet continues to increase by 5-7% per year.”

Through its development of modular units that, when assembled, form a coherent data centre, DataQube is targeting installations within existing buildings. Their logic is through the repurposing of existing urban infrastructures, not only are they placing data centres closer to the end-user, but cutting out the need to construct new facilities, thereby further reducing CO2 emissions.

Source: “Modular edge data centre producer DataQube raises 26 million”

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