Relativity Networks raises $22 million to bring a faster kind of fiber to data centers
Data center developers are expected to spend as much as $4 trillion by the end of the decade — and they’re already heavily constrained by both political and power-grid considerations in where they can build. But while most treat the speed of fiber as a given, one company is betting that faster fiber could change the geographical math behind the data center buildout.
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Key Facts
- Fact 1: Data center developers are expected to spend as much as $4 trillion by the end of the decade — and they’re already heavily constrained by both political and power-grid considerations in where they can build.
- Fact 2: On Tuesday, Relativity Networks announced $22 million in SAFE note funding drawn by Rhapsody Venture Partners, Bell Ventures Inc., and Faster Than Glass LLC, among others.
- Fact 3: The company also secured a $40 million follow-on order from a leading hyperscaler that declined to be named for this piece.
- Fact 4: Relativity Networks deals in hollow-core fiber, a rarely deployed technology that allows data to be transmitted 50% faster than conventional fiber.
Data center developers are expected to spend as much as $4 trillion by the end of the decade — and they’re already heavily constrained by both political and power-grid considerations in where they can build. But while most treat the speed of fiber as a given, one company is betting that faster fiber could change the geographical math behind the data center buildout.
On Tuesday, Relativity Networks announced $22 million in SAFE note funding drawn by Rhapsody Venture Partners, Bell Ventures Inc., and Faster Than Glass LLC, among others. A SAFE note, in which an investment transfers into a specific number of shares once the company raises its first priced round, is a standard method used for pre-seed and seed rounds. The company also secured a $40 million follow-on order from a leading hyperscaler that declined to be named for this piece.
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Original source: TechCrunch
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