i/o Data Centers has raised $105 million of growth capital to help broaden its business. The high-tech storage company received the growth funds from previous investor, private equity firm Sterling Partners, and new investor JP Morgan Asset Management.

The company intends to use the proceeds of this financing to fulfill orders for i/o ANYWHERE platform of modular data center production. Signal Hill Capital Group served as financial advisor to i/o in connection with this financing.

Click here for the release from PR Newswire.