Manchester technology company secures £1m funding
Manchester technology company DataCentred has secured a £1m funding injection to continue further expansion and grow headcount.
DataCentred has received a £500,000 loan from Barclays and this was matched by a further £500,000 investment from existing investors, including The Greater Manchester Combined Authority and venture capitalist Jon Moulton.
It will allow DataCentred, which specialises in providing data centre and open-source computer processing and storage systems, to expand its OpenStack infrastructure and invest in new staff.
OpenStack is a leading platform for open source cloud computing, underpinning private and public cloud platforms globally including PayPal, Sony, Time Warner and American Express.
Dr Mike Kelly, CEO of DataCentred, said: “We are delighted to have secured this £1m funding package which will allow us to remain on the cutting edge of product development.
"Our DevOps team continually pushes the boundaries of product development to ensure that customers have access to pioneering technologies which allows them to manage their data requirements through the most flexible and secure means."