SLiC International Closes Seed Funding Round
Summary
“Seed funding has enabled the launch of the Proof of Concept Data Center in Upstate New York which has deployed ASIC and GPU hardware using hydro-electric power priced at less than 0.05 cents per KWh. The company is already generating revenue and has hired a team of industry experts in the fields of Data Center Operations, Cyber-security, and Finance, augmented with a panel of advisors with expertise in Immersion Cooling, GPU advanced technologies and Equity Capital Markets. SLiC’s Founder, Luciano Canzanella, is very happy the Seed Round closed successfully during the Global Pandemic, “We have raised money despite Covid-19, connecting with our network via tools such as Zoom. As a Data Center asset class, investors have been very impressed with our business model, against the backdrop of many other industries failing due to the massive disruption in the global economy. We are also dedicated to standing-up a financing and servicing model that meets the stringent compliance requirements in our target markets in North America, Europe, and Asia.