E2E Networks, one of India’s top cloud platforms with AI-First and MeitY panels, said today that it has successfully closed a strategic investment round, raising INR 420.51 crores through the preferential issuance of equity shares.
The hyperscaler intends to make investments to grow its accelerated cloud infrastructure, emphasizing GPU clusters and next-generation cloud GPUs, which are essential for workloads including artificial intelligence and machine learning.
As they navigate the era of generative AI and machine learning, this will allow E2E Networks to serve the scaling demands of startups, corporations, the public sector, and research institutions.
Additionally, this investment will improve TIR, a state-of-the-art low-code AI development platform, which will strengthen E2E Networks’ cloud platform even more.
The preferential offer of up to 24,81,592 equity shares at an issue price of INR 1694.50 per share, raising INR 420.51 crores in total, was approved by the Board of Directors.
This funding comes from a broad range of public investors as well as important members of the promoter group. The money will be used to boost the AI-First Cloud Platform at E2E Networks and expand its capacity to accommodate sophisticated machine learning and AI-driven applications.
“The capital raised will enable us to enhance our cloud infrastructure, ensuring that we continue to deliver unparalleled value to our customers and support the next wave of AI-driven innovation in India,” said Tarun Dua, co-founder and managing director of E2E Networks, in response to the successful investment round.
