Netmagic Solutions provides managed IT hosting and Internet data center services from carrier-neutral Tier III+ datacenters. It operates facilities in Mumbai, Bangalore and Chennai and offers a virtual data center in the United States. The company’s offerings include infrastructure management, managed security, cloud computing, application hosting, messaging and collaboration, disaster recovery and professional services. Netmagic raised Rs. 70 crores in financing led by Nokia Growth Partners and Cisco Systems, with participation from existing investors Fidelity International and Nexus Venture Partners. The funding will enable the company to increase its datacenter footprint in Tier‑I cities across India and to support R&D for its cloud computing platform. NetMagic Solutions provides managed IT services including Internet data centers, managed hosting, remote infrastructure management, and mail and messaging services. The company operates offices in India and Sunnyvale, California. It recently announced it is offering its data center and remote infrastructure management services in North America. NetMagic has raised $20 million in a second round of funding and plans to use the proceeds to expand services and open new data centers in India. Management changes include the appointment of Sandip Gupta as president. The company is pursuing geographic expansion into North America as a key near-term growth initiative.

Total raised

$36M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2010