McMaster Innovation Park
Cinnos raised $2.3 million in funding
The funds that Cinnos raised were from the community of angel investors in the Hamilton, Burlington and Greater Toronto Area, as well as through the Ontario Centres of Excellence's Market Readiness Company Building program.
Cinnos is a local startup that introduced the world's first data centre appliance to the global market that enables immediate deployment and a pay-as-you-grow model for data centre providers.
The funds raised will provide the capital for Cinnos to build it's next generation of the Mission Critical X (MCX), and fund its global expansion.
"Our MCX brings unprecedented economic and environmental efficiencies to the &170 billion data centre industry, and we intend to use this funding to capitalize fully on our unique and proprietary technology," says Hussam Haroun, Cinnos CEO and co-founder.