PlanckDOT will use this fund to bolster the ongoing development of its Quanta AI, which caters to the rising demand for data centers for generative AI applications.
PlanckDOT, a pioneering technology start-up specialising in Edge Data Centers, announced a significant milestone in its funding journey with the successful Bridge round, initiation totaling $350,000. This round, was valued at $30 million. Previously, the company secured $100,000 from a leading analytics firm in the USA.
This injection of funds will be strategically allocated to bolstering the ongoing development of PlanckDOT's groundbreaking Quanta AI, which caters to the rising demand for data centers for generative AI applications.
Shishir Miglani, Co-Founder of PlanckDOT, said, "Securing this initial investment in our bridge round is a testament to the confidence investors have in the potential of our technology. We are incredibly grateful for their support as we continue to push the boundaries of what is possible in the realm of Quanta AI."
Ali Ahmed Saleem, Co-Founder and CFO of PlanckDOT Technologies,said, "This influx of capital will enable us to accelerate the development of our Quanta AI platform, bringing us one step closer to realizing our vision of harnessing the power of sustainable edge data centers.”
PlanckDOT focuses on improving the Power Usage Effectiveness (PUE) ratio in data centers, aiming to achieve a PUE ratio of 1.0, signifying perfect efficiency in energy consumption.
PlankDot’s latest innovation, Quanta, offers a range of fully-loaded, self-sufficient edge data centers tailored to corporate, enterprise, and SPC requirements, empowering businesses to scale their operations seamlessly, as per a company statement.