Austin-based Codero Hosting announced this week that it has received $8 million in financing. The financing is provided by Silicon Valley Bank and Farnam Street Financial.
Codero plans to use the funds to deploy data centers in the US and Europe, and to expand its hosting portfolio. Codero currently hosts out of three main data centers in the US, and none in Europe.
“We have outpaced our industry’s growth, expanding faster than other hosting and cloud providers due to our commitment to providing customers with unparalleled performance, expertise, support and value,” Emil Sayegh, president and CEO of Codero said. “The support of SVB and Farnam Street Financial helps us accelerate our growth and capitalize on our market success.”
Codero has been using its deep integration and automation with flash storage to offer competitively priced speed and scalability to its business clients. According to Data Center Knowedge, it plans to offer its hybrid hosting platform to customers in the future, and its US data center expansion will include the Dallas Fort Worth area.