Intel Capital, the global investment organisation of Intel, has invested $8m in India-based IT infrastructure services provider NxtGen Datacenter & Cloud Technologies. Intel Capital and other news sources did not make public if the company had raised previous rounds of investment. NxtGen Datacenter & Cloud Technologies sells central IT platforms, providing full spectrum datacenter and enterprise cloud services from its own High Density Datacenter facilities. The company is expanding its markets in India, the Middle East and has plans to enter South East Asia. “Intel Capital’s latest investment demonstrates the breadth of innovation in India, with companies here at the forefront of cloud computing and data infrastructure services,” said Arvind Sodhani, president of Intel Capital and Intel Executive Vice President. “Intel Capital has a long history in India and we’re proud of our strategic role in helping entrepreneurs here grow locally and scale globally, and we look forward to playing a strategic role in helping NxtGen to succeed, by providing access to our global network, technology expertise, and brand capital.” A.S. Rajgopal, Managing Director and Chief Executive Officer, NxtGen Datacenter & Cloud Technologiessaid: “We are delighted to have Intel Capital as a strategic investor in our company. This investment from Intel Capital will be used to complete the large High Density Datacenter facility coming up in Bangalore, which we expect to be operational by March 2014, and for further development of On Premise Datacenters.” The investment director for NxtGen Datacenter & Cloud Technologies is Mumbai-based Pradeep Tagare. Funding for the investment comes from the $250m Intel Capital India Technology Fund established in December 2005. Intel Capital has been investing in India since 1998. Since then, Intel Capital has invested over $330m in more than 90 technology companies across 10 cities in India.
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Intel Capital keen on data with $8m NxtGen deal
Aug 15, 2013 • Katherine Steiner-Dicks
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