Enterprise class data centre and cloud service provider Pi DATACENTERS has raised $23 million Series-A funds from Epsilon Venture Partners, a tech-focused fund manager, and an Australian private equity group.
The funding round was led by Epsilon’s General Partner Mahesh Vaidya, who will be joining Pi’s board. The funds raised will be used in rolling out Pi’s first few data centres across the country, with the first one to be built in Amravati, which is where the company is based.
Kalyan Muppaneni, Founder & CEO of Pi, said: “India is poised for an explosion in digital data with the numerous technology initiatives adopted by the government of India and the various state governments. Data is integral to a nation’s security and data centres are the key building blocks for a nation’s infrastructure. Epsilon’s technology investment experience across the globe is of significant strategic value that would pave the way for global partnerships in ensuring that Pi brings state-of-the-art cloud infrastructure capability to India.”
Established on a plot of 10 acres, Pi’s data centre has 5 lakh square foot infrastructure with 5,000 racks capacity.