dcBLOX Inc. Raises $15 Million

ATLANTA, Sept. 20, 2016 /PRNewswire/ -- Atlanta-based dcBLOX Inc., a data center services company that employs a proprietary modular enclosure technology, secured more than $15 million in funding from Atalaya Capital Management LP. dcBLOX will use the funds to update its existing site in the Brookhaven area of Atlanta, and to open a new multi-tenant data center in Chattanooga, Tenn. by Q4 2016. The company plans to target data center markets in secondary cities for future locations.

"We are excited to offer our uniquely flexible data centers that can support high-power colocation requirements up to 30kW or more per rack cabinet," said dcBLOX Co-Founder and Chief Executive Officer Jake Ring. "Both our Atlanta and new Chattanooga facilities are very efficient, yet can support power densities needed for Hyper-converged or High-Performance Compute architectures such as Hadoop clusters."

Ring continued, "Our Chattanooga and Atlanta sites are connected through our private optical transit network at 100Gbps, scalable to 17.6Tbps, so we can quickly backup and recover client data synchronously. Customers no longer have to wait hours for Disaster Recovery, but can access their data through our high bandwidth network in minutes if not seconds."

Ring and Co-Founder and Chief Technology Officer Joshua Reyneveld started dcBLOX in 2014 to bring to the retail data center market the proprietary modular technology and years of experience in facility and next-gen networks developed by Myoonet, Inc. Reyneveld is the chief executive officer of Myoonet, dcBLOX's exclusive provider of data center design, development and network architecture.

"The dcBLOX management team has been involved in the data center market for decades, building some of the largest and most technically advanced data centers for leading Enterprise IT firms," said Reyneveld. "With our next-generation facility and network infrastructure, we can provide services unmatched by any other provider in flexibility, security, and reliability, up to 99.999%, far beyond what others can deliver," he explained. "We are deploying our OpenStack cloud with integrated SDN that on our network can support synchronous replication of customer data and applications all at greater reliability and better value than other providers."

About dcBLOX
Founded in 2014, dcBLOX is an Atlanta-based data center provider utilizing a proprietary enclosure technology that allows for more flexible, efficient, and cost effective infrastructure. The company provides virtual and standard colocation, and network connectivity services through its high bandwidth private optical network. Comprehensive one-stop service offerings include highly-reliable and secure OpenStack cloud solutions, Managed Services including DRaaS, Backup, and Storage, and professional IT services. For more information, visit dcBLOX.com.

About Atalaya Capital Management
Atalaya is a privately held, SEC-registered, alternative investment advisory firm. Atalaya focuses on making opportunistic credit and special situations investments, primarily via three principal strategies – corporate, real estate and specialty finance. Founded in 2006, Atalaya is headquartered in New York City.

Media Contacts:
For dcBLOX:
Joellyn Sargent
770.335.5244
[email protected]

For Atalaya:
Adam Nadborny
212.201-1910
[email protected]

SOURCE dcBLOX Inc.

Related Links

http://www.dcBLOX.com