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Business News/ Companies / News/  Intel Capital invests $8.8 mn in NxtGen Datacenter
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Intel Capital invests $8.8 mn in NxtGen Datacenter

This investment will be used to complete a data centre facility coming up in Bangalore, and for further development

Intel Capital has been investing in India since 1998. It has invested over $330 million in more than 90 technology companies across 10 cities. Photo: Bloomberg (Bloomberg)Premium
Intel Capital has been investing in India since 1998. It has invested over $330 million in more than 90 technology companies across 10 cities. Photo: Bloomberg
(Bloomberg)

Mumbai:Intel Capital, chip maker Intel Corp.’s investment arm, has put in $8.8 million in Bangalore-based IT infrastructure services provider NxtGen Datacenter and Cloud Technologies Pvt. Ltd.

“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’s executive vice-president.

“This investment from Intel Capital will be used to complete the large high-density data centre facility coming up in Bangalore, which we expect to be operational by March 2014, and for further development of on-premise data centres," said A.S. Rajgopal, managing director and chief executive officer, NxtGen Datacenter.

Intel Capital has been investing in India since 1998. It has invested over $330 million in more than 90 technology companies across 10 cities.

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Published: 13 Aug 2013, 05:39 PM IST
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