Vapor IO, creators of the Kinetic Edge® platform and Kinetic Edge Exchange™ (KEX), a nationwide platform for edge co-location and networking services, announced an additional investment by private equity firm Berkshire Partners and Crown Castle. The deal brings Vapor’s aggregate Series C funding to $90 million. The latest tranche of funding will accelerate the company’s build-out of the Kinetic Edge platform.
“The Third Act of the internet requires that we build out edge computing infrastructure as quickly as possible,” said Vapor IO founder and CEO Cole Crawford. “By deploying Vapor IO’s Kinetic Edge exchange, co-location, and networking services in the top U.S. markets, we provide a platform to deliver low-latency edge capabilities at the intersection of the wireline and wireless networks. With a total of 36 multi-site markets coming online over the next 24 months, we expect to be the largest provider of edge co-location, edge networking, and edge exchange services in close proximity to the last mile networks.”
Already deployed in Chicago, Atlanta, Pittsburgh, and Dallas, the company has another 16 markets in pre-construction, most of which it expects to build out in 2020. The company plans to deliver its Kinetic Edge platform to the top 36 U.S. metros by the end of 2021.
Vapor IO’s Kinetic Edge platform is a fully-integrated system of edge co-location, networking, and exchange services that operates at city-scale in key metropolitan regions. The Kinetic Edge uses custom data centers, dedicated fiber, and networking services to deliver a solution for infrastructure edge computing.
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