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Codero Hosting (http://www.codero.com), a leading provider of dedicated, managed, cloud and hybrid hosting services, today announced that it received $8 million in financing from Silicon Valley Bank (SVB) and Farnam Street Financial. The capital financing enables Codero to deploy new data centers across the U.S. and Europe and expand its hosting portfolio to serve more customers and multiple data center locations.
We have outpaced our industrys growth, expanding faster than other hosting and cloud providers due to our commitment to providing customers with unparalleled performance, expertise, support and value, said Emil Sayegh, president and CEO of Codero Hosting. The support of SVB and Farnam Street Financial helps us accelerate our growth and capitalize on our market success.
Helping innovators like Codero succeed is what we aim to do every day, said Travis Wood, managing director for Silicon Valley Bank in Austin. With the flexibility provided by this financing, the Codero team is on a path to meet its ambitious global expansion goals.