Deeptech startup Mixx Technologies has reportedly raised $33 million in funding led by ICM HPQC Fund, while network-as-a-service provider CloudExtel has raised nearly $22.4 million in debt funding from a leading private sector bank.
ICM HPQC Fund backs Mixx Tech funding round
Mixx Technologies, which specialises in optical interconnect solutions for artificial intelligence and high-performance computing (HPC), has raised $33 million in funding led by ICM HPQC Fund, per media reports.
The financing also saw participation from TDK Ventures, SystemIQ Capital, Applied Ventures, and others, according to a report in The Economic Times.
The funding will assist the company enhance research and development, expand its Bengaluru team, and facilitate entry into new geographies, the report added.
Headquartered in San Jose, California, with additional offices in India and Taiwan, Mixx Technologies enables faster, more efficient and scalable AI and HPC systems to drive the next wave of computing innovation.
CloudExtel secures $22.4m debt funding
Mumbai-based network as a service provider CloudExtel has raised nearly $22.4 million (Rs 200 crore) in debt funding from a leading private sector bank.
In addition to the debt raise, CloudExtel’s existing shareholders have made a follow-on equity investment on a proportionate basis to support the company expansion plans, the company said in a press statement.
The fresh capital will help CloudExtel speed up its efforts to reshape the way digital infrastructure is built and shared in India. The capital will also power CloudExtel’s upcoming data center interconnect (DCI) network initiative, starting in Mumbai and expanding across major metro cities including Bangalore, Hyderabad, Delhi, Pune, and others.
The DCI will provide high-capacity, low-latency, redundant connectivity between data centres critical for supporting AI workloads, cloud computing, and digital content delivery.
