PlanckDOT Launches $350K Bridge Round Funding, Valuation Rockets to $30M
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PlanckDOT, a pioneering technology startup specializing in Edge Data Centers, announces a significant milestone in its funding journey with the successful Bridge round, initiation totaling $350,000, and has already attracted substantial interest, with $100,000 secured from a prominent analytics firm based in the USA. The round, valuated at an impressive $30 million, marks a pivotal moment for the company as it propels forward in its mission to revolutionize the field of sustainable edge data centers.
This injection of funds will be strategically allocated to bolstering the ongoing development of PlanckDOT’s groundbreaking Quanta AI that caters to the raising demand of data Centre for generative AI applications.
Mr. Shishir Miglani, Co-Founder of PlanckDOT, expressed, “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.”
Echoing Shishir’s sentiments, Mr. Ali Ahmed Saleem, Co-Founder & CFO of PlanckDOT Technologies, emphasized the importance of this funding in advancing the company’s objectives. “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,” Ali remarked.
