We have the privilege of announcing the completion of our long-awaited A-Series own funding, which has been exceeded and supported by a highly accredited investment group in the digital infrastructure sector.
BAHIO, Mexico (PRWEB)
June 21, 2022
Layer 9 Data Centers, a data center solution provider led by industry veterans Alejandro Cantu, Michael Ortiz and Joseph Ryan and focused on delivering oversized capacity to the Latin American market, announced that the company has completed a Series A investment. led by a consortium of industry veterans, including LBS Power, based in Mexico City.
Layer 9 plans to use the proceeds from this Series A investment to provide the necessary critical infrastructure and land to support the development of data centers in Latin America, starting with a Phase 1 master plan to deliver two 32-megawatt (MW) powered turnkey buildings with turnkey capacity of the central apartment in the Bahio region of Mexico at the end of the summer of 2023.
In January 2022, Layer 9 secured an Electricity Purchase Agreement with access to at least 100 MW of power, with exclusive rights and secured options to acquire additional land and capacity in a second region of Mexico near Monterey.
Although the details of the energy deal were not disclosed, Layer 9 CEO Michael Ortiz said: “We have the privilege to announce the completion of our long-awaited A-Series equity financing, which has been exceeded and supported by a highly accredited the digital infrastructure sector, including LBS Power. With this capital, we are looking to start our entry into Latin America by providing solutions for hyper-large data centers in the country of Mexico, serviced by cloud service providers.
The Bahio region of Mexico, which includes Guanajuato and Queretaro, is generally considered the industrial heart of Mexico, and the region has become a major alley of data centers for operators of hyper-large data centers for global cloud service providers such as Microsoft and Amazon Web Services. The Bajio Industrial Corridor is a proven logistics hub with a solid infrastructure that powers both Mexico City and Monterey.
According to the multinational consulting firm Deloitte, Latin America’s GDP (LATAM) is expected to grow by at least 3% in 2022, with Mexico leading the way in expansion. Gartner ranks LATAM as the fastest growing region in the world in terms of data consumption, ahead of Africa and China.
With more than 660 million people, LATAM has twice the population of the United States and a [59% Internet penetration rate. Mexico, Brazil, Chile, and Columbia have the lion’s share of people accessing the Internet for both B2B and B2C commerce.
Founded in 2020, Layer 9 took root around a team of industry veterans with hyperscale development and prefabricated U.S.-based infrastructure experience, focused on delivering a CSP-friendly and attractive data center topology.
By combining U.S. and Mexico-based expertise, Layer 9 aims to bring hyperscale capacity to LATAM beginning in 2023 and to deliver the highest standards of quality and predictability.
Layer 9 Data Centers plans to use this first phase of development to springboard the company’s plans for expansion into other Latin American markets and EMEA.
About Layer 9 Data Centers
Layer 9 Data Centers is a data center solutions provider with over 50 years of experience in Mexico and the U.S. With expertise in commercial real estate, data center portfolio management, and solution delivery for some of the largest hyperscale and wholesale data center operators, the team at Layer 9 Data Centers is proven and trusted. To learn more, please visit l9datacenters.com
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