DC BLOX Raises $37 Million To Fuel Construction Of Edge Data Centers Across The Southeast

Wednesday, May 16, 2018

DC BLOX, a provider of connected Edge data centers and cloud services, announced on Wednesday that it has secured $37 million in new equity and debt funding, completing its Series B financing for a total capitalization of more than $53 million. DC BLOX has a data center in Chattanooga. DC BLOX plans to use the proceeds to build three additional data centers in potential markets including Birmingham, Al., Greensboro/Winston-Salem, N.C., and Greenville, S.C. 

 

“This latest round of funding reflects the confidence our investors have in our strategy to deploy Edge data centers in underserved markets that support the needs of enterprise businesses, government entities, content providers and managed service providers in the Southeastern United States,” said Jeff Uphues, DC BLOX CEO.

“With our core leadership team now in place, we are well on our way to meeting an aggressive expansion plan through 2019.”

 

The new funding will allow DC BLOX to accelerate product development, acquire talent and build infrastructure required to stay ahead of the growing technology needs of a rapidly expanding customer base. The more than $53 million capitalization includes new equity investments from Series A partners and the DC BLOX management team with debt financing provided by Metropolitan Partners Group. 

 

“We are excited to be working with the DC BLOX management and investor team,” said John Ioannou, president of Metropolitan Partners Group. “Our commitment to fund the company’s expansion plan is fueled by a compelling customer value proposition and a leadership team with a track record of success in this industry.”    

 

Less than a year after opening its data center in Chattanooga, DC BLOX expects to open two new data centers, representing at least three megawatts of critical power by the end of 2018. A new data center in Huntsville, Al., is already under construction. Each data center is interconnected with DC BLOX’s high-speed, fiber-optic network, which enables a variety of use cases, including business continuity, disaster recovery, content delivery, IoT and mobile applications.

 

For more information, call 877 589-1684.


State Supreme Court Holds That Evidence Cannot Be Used To Contradict Written Words In Contract

Cleveland/Bradley Chamber Of Commerce Announces New Board Members

Public Space Study Continues With Gehl's Visit


In a case closely watched by Tennessee’s business community, the Tennessee Supreme Court has held that trial courts cannot use evidence outside of the written agreement—called “extrinsic” evidence—to ... (click for more)

The Cleveland/Bradley Chamber of Commerce announces eight new incoming board members for 2019. The Chamber’s board of directors is comprised of diverse business professionals who understand the ... (click for more)

Gehl Studio, internationally recognized for their "people first" urban design work, will be making their third visit to Chattanooga. On Jan. 29 from 5:30-6:30 p.m., they'll be hosting an open ... (click for more)


Business

State Supreme Court Holds That Evidence Cannot Be Used To Contradict Written Words In Contract

In a case closely watched by Tennessee’s business community, the Tennessee Supreme Court has held that trial courts cannot use evidence outside of the written agreement—called “extrinsic” evidence—to interpret a contract if that evidence is used to contradict the contract’s written terms. Beginning in 1999, BlueCross BlueShield of Tennessee, Inc., signed agency agreements with ... (click for more)

Cleveland/Bradley Chamber Of Commerce Announces New Board Members

The Cleveland/Bradley Chamber of Commerce announces eight new incoming board members for 2019. The Chamber’s board of directors is comprised of diverse business professionals who understand the needs of its membership and possess the energy and commitment to lead the Chamber. “Our mission, as a business, civic and economic development organization, is to address challenges and ... (click for more)

Breaking News

Authorities Say October 2018 Murder Of Jacob Dakota Moore Was Carried Out At 4915 Orchard Drive In Apison

Authorities say the murder of 26-year-old Jacob Dakota Moore was carried out on Oct. 10 at 4915 Orchard Dr. in Apison. James David Robinson, 42, and Askia Witherow39, have been charged in the slaying. His body was found by hunters at a remote area of Polk County on Oct. 29. The TBI said the property off of Tieskee Creek Road belongs to Dale Bishop, step-father of Robinson. ... (click for more)

Linda Damewood Killed, Another Critical, Third Injured In Shooting At Crossville

One person was killed, another critically injured and a third hurt in a shooting at Crossville on Saturday. Linda Damewood, 74, of Crossville, was dead at the scene. The Cumberland County Sheriff’s Office, Tansi Security, and Tennessee Highway Patrol units responded to 8610 Cherokee Trail at approximately 6:38 p.m. to a reported shooting. Cumberland County Sheriff’s ... (click for more)

Opinion

Senator Alexander: A Reasonable Proposal To End The Government Shutdown

A government shutdown is always the wrong idea. It is the wrong idea under President Trump, just as it was the wrong idea under President Obama. Members of Congress should first remember that when a president who has been duly elected by the people of the United States -- whatever you may think of him or her -- has a legitimate objective, it is our responsibility to do everything ... (click for more)

Roy Exum: Walmart vs 535 Morons

There is an anonymous paper on the Internet that tells how Walmart could do a better job running America instead of the pompous flops and duds we send to Washington. Please try to connect the dots on Walmart’s 1.6 million employees and the obscene profits that they make versus our 535 members of Congress who blow through money while “WallyWorld” churns out an average of $20-thousand ... (click for more)