Wednesday, January 29, 2014

Codero Hosting Scores $8M In Equipment Financing

Austin-based Internet hosting company Codero has raised $8M in funding, the company said Tuesday, from Silicon Valley Bank and Farnam Street Financial. The hosting firm--which is led by Emil Sayegh--said the funding will go towards new data centers in both the U.S. and Europe. Codero Hosting provides dedicated hosting, cloud hosting, managed hosting, and other related services to IT customers. The company also provides a combined public/private hybrid cloud hosting service. Codero said the new funding was in the form of capital financing, as opposed to a more traditional equity or debt funding.