CIMware Bags $2.3 Mn In Maiden Funding Round

CIMware Bags $2.3 Mn In Maiden Funding Round

Data centre infrastructure management (DCIM) startup CIMware has raised $2.3 Mn (about INR 20 Cr) in a Pre-Series A funding round from Transition VC.  The Bengaluru-based startup plans to deploy the fresh proceeds in ramping up its hardware production, expanding software team and covering operating expenses.  The deeptech startup had received grants from the department of telecommunications (DoT) in 2022 and 2023 to the tune of INR 1.5 Cr (about…

Data centre infrastructure startup CIMware raises $2.3M in funding | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews

CIMware, a startup focused on data centre infrastructure, has secured $2.3 million in its first institutional funding round, which was led by Transition VC. The funds will be used “to create a commercially viable networking smart switch (hardware production)”, to hire a software team, and to cover operating expenses, CIMware founder and chief executive Rajiv Ganth said. The proposed smart switch will increase a data centre’s “capacity and capabi…