Top Russian Colocation Provider IXcellerate Closes Latest Round of Funding to Accelerate Expansion Plans
IXcellerate, a leading commercial data center operator and the home for hypercloud in Russia, has announced that it raised c. $190 million in financing from existing and new investors including Mubadala Investment Company, SberInvest and the Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund).
IXcellerate already offers world-class data center facilities and outstanding connectivity level in Russia to cater to both local enterprises and global corporations across multiple industries. The company ensures 24×7 business operations continuity and easy to access services in a world of rapidly growing appetite for expanding data volumes and data storage.
IXcellerate will use the proceeds of the new funding round to spearhead the expansion of its Moscow North and South campuses with the aim of building new capacities and running one of the largest data campuses in Europe which will provide exceptional capacity to an even broader customer base.
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IXcellerate plans to build new data centers in full compliance with the highest industry standards, offering customers better connectivity, 99.999% service availability and unparalleled performance which is essential for the success of digital-first businesses in the new economy.
“As one of the largest carrier-neutral commercial data center operators in Russia, IXcellerate is enabling digitalization in Russia through unrivaled scalability and growth opportunities. With the help of this new funding, we aim to provide the type of facilities and services to our existing and future customers that are both ultra-powerful and sustainable in the long-term, while ensuring that our clients continue to benefit from our reliable engineering infrastructure, ESG compliant practices and outstanding service levels,” said Andrei Aksenov, IXcellerate’s Chief Executive Officer.
“IXcellerate has a successful record in developing and managing state-of-the-art data centers in Russia. The company is well-positioned to continue growing as a leading colocation and data center operator; directly enhancing Russia’s digital infrastructure. Leading this investment round into IXcellerate aligns with Mubadala’s strategy to invest in the digital economy and the sectors that support it,” said Abdulla Naser Almarzooqi, Deputy Head of Russia and CIS Investment Program at Mubadala.
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“We live in the age of big data, which is stored somewhere far away in the cloud. The data seems ‘weightless’, but data centers with their servers are in fact huge and city-like facilities. I have seen them in real life and they grip imagination. What IXcellerate delivers for businesses is of crucial importance. Construction of such data towns ensures uninterrupted operations of companies along with on-demand computing power, helping them not to bother where to locate IT infrastructure,” said Andrey Shemetov, Sberbank Senior vice-president, Head of SberCIB.
“Investment in IXcellerate is part of RDIF’s strategy aimed at supporting the development of digital infrastructure in Russia and will further enhance our portfolio of collocation and data centers. IXcellerate will add new facilities and increase the customer base allowing more companies to expand the scale of operations as the need for high-end affordable data storage services will keep on growing rapidly. We expect IXcellerate to further strengthen its market position and boost its leadership in the Russian commercial data centers segment,” said Mikhail Kireev, Senior vice president, Russian Direct Investment Fund (RDIF).
