Vapor IO Raises $90 Million to Build Out its Kinetic Edge® Platform in 36 Markets by 2021

AUSTIN, Texas, Jan. 22, 2020 /PRNewswire/ -- Vapor IO, creators of the Kinetic Edge® platform and Kinetic Edge Exchangetm (KEX), the first nationwide platform for edge colocation and networking services, today announced an additional investment by private equity firm Berkshire Partners and Crown Castle, bringing its aggregate Series C funding to $90 million. The latest tranche of funding will accelerate the company's build-out of its coast-to-coast Kinetic Edge platform.

"The Third Act of the Internet requires that we build out edge computing infrastructure as quickly as possible," said Cole Crawford, founder and CEO of Vapor IO. "By deploying Vapor IO's Kinetic Edge exchange, colocation, and networking services in the top U.S. markets, we provide a platform to deliver low-latency edge capabilities at the intersection of the wireline and wireless networks. With a total of 36 multi-site markets coming online over the next 24 months, we expect to be the largest provider of edge colocation, edge networking, and edge exchange services in close proximity to the last mile networks."

Already deployed in Chicago, Atlanta, Pittsburgh, and Dallas, the company has another 16 markets in pre-construction, most of which it expects to build out in 2020. The company plans to deliver its Kinetic Edge platform to the top 36 U.S. metropolitan markets by the end of 2021.

Vapor IO's Kinetic Edge platform is a fully-integrated system of edge colocation, networking, and exchange services that operates at city-scale in key metropolitan regions. The Kinetic Edge uses custom data centers, dedicated fiber, and networking services to deliver a complete solution for infrastructure edge computing.

The nation's largest carriers, cloud providers, CDNs, web-scale companies, and innovative private enterprises place their compute, storage, and networking technologies in Kinetic Edge locations, which are strategically located near the existing wired and wireless access networks, including emerging 5G wireless networks. Vapor IO's unique edge architecture creates city-sized logical data centers by combining geographically dispersed micro data centers into a single fabric on a metropolitan basis, allowing its customers to operate servers in locations that are closest to the access networks, near the end users and devices to enable the next generation of applications and services.

The Kinetic Edge Exchange and Digital Realty

In November, Vapor IO announced its Kinetic Edge Exchange (KEX) service, the world's first software-defined system for interconnection in edge locations. The company also announced a multi-city deployment with Digital Realty, a leading global provider of data center, colocation and interconnection solutions. By deploying the Kinetic Edge Exchange on PlatformDIGITALtm, the companies make it possible for customers to build new distributed workflows spanning dynamically from core to edge.

20 Markets Underway; 36 Markets by 2021

Vapor IO's Kinetic Edge is deployed in Chicago, Atlanta, Pittsburgh and Dallas. The company has also begun pre-construction activities in 16 additional markets and has plans to deploy its coast-to-coast Kinetic Edge platform in a total of 36 markets by the end of 2021.

"Vapor IO has the key ingredients to deliver critical edge computing infrastructure to the top U.S. metropolitan markets," said Josh Johnson, principal at Berkshire Partners. "We believe they have the technology, expertise, and access to the required land and fiber to build a nationwide footprint. We're excited to partner with Vapor IO as they deploy fully-integrated edge solutions that improve performance, reduce costs and enable new applications for their customers."

The first 20 cities to feature the Kinetic Edge platform are (in alphabetical order): Austin, Atlanta, Boston, Charlotte, Chicago, Columbus, Dallas, Denver, Houston, Indianapolis, Las Vegas, Los Angeles, Miami, Nashville, Pittsburgh, Phoenix, San Antonio, San Francisco, Seattle and Washington D.C.

Nationwide Partnership with Cloudflare

Vapor IO also today announced a nationwide partnership with Cloudflare. As part of this partnership, Cloudflare will roll out its cloud services via the Kinetic Edge platform across 36 U.S. cities. This partnership will unleash a new class of applications, giving developers the power to run serverless functions through the Kinetic Edge platform, in close proximity to end users and devices, using Cloudflare Workers® as well as extending Cloudflare's security, performance, and reliability services even farther out at the edge.

What is the Kinetic Edge Platform?

By placing IT equipment on the Kinetic Edge platform, companies enable a new class of applications that depend on low latency Internet services near the devices that utilize them. Vapor IO's Kinetic Edge platform is the first integrated system that delivers the fundamental infrastructure services required to deliver edge native applications. Kinetic Edge services include:

• Kinetic Edge Colocation: Kinetic Edge Colocation offers customers the ability to place compute, storage and networking equipment in close proximity to the last mile networks, making it possible to deliver low-latency edge services. The Kinetic Edge services utilize Vapor IO's patent-protected enclosure systems, which feature the proprietary Vapor Chamber and Vapor Edge Modules, which are carrier neutral facilities designed with multiple layers of physical and logical security appropriate for a multi-tenant facility. Multiple colocation sites in any one Kinetic Edge city can be treated as availability zones for resilience delivered via high availability software techniques, such as those available with Kubernetes.
• Kinetic Edge Networking: Networking on the Kinetic Edge platform is provided by the Kinetic Edge Fabric, a combination of physical fiber networks across each Kinetic Edge city. The fabric offers granular software-defined controls to create the network infrastructure needed for each customer or application on top of a flexible foundation. The Kinetic Edge Portal lets customers create real-time, virtual private networks that span multiple data centers across the city.
• Kinetic Edge Exchange (KEX): Edge meet-me rooms and the software-defined Kinetic Edge Exchange services provide interconnection and data exchange capabilities at every Kinetic Edge location, making it easy for networks on the Kinetic Edge platform to cross-connect via the Kinetic Edge Portal, gaining high-speed access to last-mile networks, regional data centers, metropolitan aggregation points and interconnection centers, as well as public cloud and private data centers.

About Vapor IO

Vapor IO is developing the largest nationwide edge colocation and edge exchange platform at the edge of the wireless and wireline networks. Serving the world's largest wireless carriers, cable operators, cloud providers, web-scale companies and other innovative enterprises, the company's Kinetic Edge® platform combines multi-tenant colocation with software-defined interconnection and high-speed networking. The Kinetic Edge platform delivers the most flexible, highly-distributed edge infrastructure, and the company has deployed its Kinetic Edge in Chicago, Atlanta, Dallas and Pittsburgh. By the end of 2020, the company plans to have its Kinetic Edge live in 20 US metropolitan markets, furthering its goal to deploy over 100 data centers in 36 U.S. markets over the next two years.. Follow @VaporIO on Twitter.

Vapor, Kinetic Edge and Kinetic Edge Exchange are trademarks of Vapor IO, all rights reserved.

Media contact:

For Vapor IO:
Jessica Gomez-Rees
Publicity Inc.
[email protected]
415-889-7444

SOURCE Vapor IO