Friday, July 15, 2016

QTS Opens Mega Data Center in Former Chicago Sun-Times Bldg

QTS Realty Trust opened a new mega data center at 2800 S. Ashland Avenue in downtown Chicago.

QTS transformed the iconic Chicago Sun-Times facility into a 317,000 square foot mega data center. The facility will serve as QTS' Midwest hub to deliver its fully integrated portfolio featuring customizable data center solutions, colocation, managed hosting, hybrid cloud and disaster recovery services for enterprise and government organizations.

"This data center is restoring an iconic building and giving it a 21st-century purpose," Mayor Emanuel said. "Chicago is a global hub for innovation and technology, and this QTS data center will help the city build on that reputation for years to come. Welcome to Chicago!"

Bay Dynamics Raises $23 Million for Cyber Risk Analytics

Bay Dynamics, a start-up based in San Francisco, announced $23 million in Series B financing for its cyber risk analytics.

Bay Dynamics' flagship analytics software, Risk Fabric, automates the process of analyzing security information so that it's traceable, trustworthy and prioritized.

The funding round was led by Carrick Capital Partners and included capital from Series A investor Comcast Ventures, the venture capital affiliate of Comcast Corporation.

"We are very impressed with the quality of Bay Dynamics' cyber risk analytics platform and the endorsements we have heard from Bay Dynamics customers," said Jim Madden, co-founder and Managing Director of Carrick Capital Partners. "We believe the strongest and highest quality companies, like Bay Dynamics, will continue to thrive and we are excited to be a part of that growth."