[Funding News] Metrobloks Raises $5.2M Seed Round to build data centers in metro markets

Metrobloks, a US-based data center infrastructure development startup, has emerged from stealth mode after securing an oversubscribed $5.2M seed round. The funding, led by Current Equity Partners with the backing of Serena Capital, will enable Metrobloks to deliver high-performance data centers to urban metro markets, enhancing the landscape of data infrastructure.

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Metrobloks is addressing a critical need in the data center market: low-latency computing for AI workloads. With this need in mind, they have developed a unique approach to design, deploy, and operate modular and scalable data centers in underserved urban markets. This approach will not only enhance performance for businesses but also significantly impact urban communities by increasing access to high-performance computing at scale.

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“Over the past year, we have seen AI capabilities firmly placed in the hands of consumers. Recent news and product announcements have underscored that AI will be everywhere, integrated directly into edge and endpoint devices. Metrobloks’ goal is to extend data center capacity to these devices, especially in underserved metro markets. By providing ‘AI at the edge,’ we enable real-time processing and decision-making without reliance on cloud servers. This decentralization of AI processing offers low-latency capabilities and improved reliability to enterprise customers and traditional hyperscalers, whose services are often located in congested and over-developed campuses far away from end users” said Ernest Popescu, CEO of Metrobloks.

The Metrobloks founding team consists of data center experts, real estate developers, entrepreneurs and tech innovators with extensive experience with industry giants like AWS, Meta, and Iron Mountain, previous roles where they enabled more than 12GW capacity across 25 countries. This unique combination of expertise positions company at the forefront of providing high-performance data center solutions tailored to the unique needs of AI/ML, IoT, gaming, and streaming services.

“We want to be the easy button, creating an ecosystem of data centers operating between the Internet Exchange Points (IXPs) and the Availability Regions (ARs),” said Ernest Popescu, CEO of Metrobloks. “Our vision is to reinvent how data centers are built and operated by integrating modularity, sustainability, software, and AI to help data center infrastructure perform to its maximum potential, benefiting both providers and end-users. This gives us a significant advantage over traditional data centers trying to rethink their design, layout, and equipment choices to accommodate AI workloads.”

Company found the right investors with Current Equity Partners, a private equity firm focused on investing in the new digital economy, and Serena Capital, one of the largest tech venture capital firms in Europe. These firms recognize the critical role that Metrobloks will play in the future of urban data infrastructure while bringing their own expertise around two of Metrobloks’ core tenets: sustainability and innovation.

About Metrobloks

Metrobloks is revolutionizing data infrastructure in major metro areas across North America. With a focus on providing low-latency, high-capacity data solutions for AI/ML, IoT, Gaming, Streaming and other data intensive services, Metrobloks delivers future-proof multi-tenant colocation facilities to underserved urban markets. Founded by a diverse team of industry veterans, Metrobloks is committed to shaping the future of digital connectivity.