Novva Data Centers Recieves Growth Equity Funding of Up To $355M
Novva Data CenterGrowth Equity funding of up to $355M was granted to a Salt Lake City-based data center company called. The round, which brings the total equity commitment to Novva to $450m in just over two years, was led by CIM Group. Founded in 2020 and led by CEO Wes Swenson, Novva Data Centers creates purpose-built data centers for the future across the Western United States, providing wholesale and multi-tenant colocation infrastructure services for local, national, and international clients. The company’s human-centric, sustainable solutions to data center problems are combined with a wide range of scalable data center amenities that can be customized for every size business. The company intends to use the funds to expand across the United States in order to offer 1,000 MW of designed data center capacity by 2027 at several strategic, yet-to-be-named locations. It also supports CIM Group and Novva’s ongoing partnership to create aproduct, as well as a “wholocation” experience to customers. Wholocation refers to a combination of wholesale scale and retail colocation, which provides the ability to serve clients of any size and scalability needs — from those requiring 1 cabinet to 1,000+ cabinets. The concept is a hallmark of Novva’s existing campuses in Colorado Springs, Colorado, and West Jordan, Utah. In addition to wholocation offerings, Novva’s campuses offer build-to-suit options, which can reduce customers’ go-live timeframes from 36–48 months to 12 months. The company uses renewable energy, high-density capacities, and waterless cool to ensure a quick, low-cost deployment. Novva is also a pioneer in automation, with autonomous drones and robotic monitoring dogs.