Cato Digital has filed a notice of an exempt offering of securities to raise $10,207,497.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Cato Digital is raising $10,207,497.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Dean Nelson played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Cato Digital
Formerly Virtual Power Systems, Cato brings Software Defined Power and autonomous digital infrastructure. Cato Digital is deploying low cost, carbon free bare metal for retail and wholesale customers in all the right places. Cato Digital is a proud member of the iMasons Climate Accord reducing carbon in materials, products and power. Our commitment is tackling Scope-3 emissions. Digital infrastructure is the foundation for an equitable and inclusive world, where every person on the planet participates in the digital economy. But our digital future won’t be better unless it’s also sustainable. Cato Digital is on a mission to build the most sustainable bare metal cloud in the world. We are doing that by offering low cost, carbon free compute in all the right places. We believe in a circular world where waste streams become supply chains, unused capacity is unlocked for use and compute systems are powered by clean energy. Our premise is simple. Use what we have before we build more. Cato Digital was originally formed in 2013 as Virtual Power Systems (VPS) by Founder and CEO, Shankar Ramamurthy. His vision was to virtualize the power plane in data centers unlocking stranded capacity to increase utilization and efficiency. He applied the concepts of software-defined to power infrastructure enabling virtual pools of power to be utilized like virtual machines in hardware, virtual pools in storage and virtual circuits in networks. His original thesis is at the heart of the Cato Digital architecture today.
To learn more about Cato Digital, visit http://cato.digital/
Contact:
Dean Nelson, Chief Executive Officer
866-877-7115
SOURCE: http://www.intelligence360.io
Copyright (c) 2023 SI360 Inc. All rights reserved.