SharonAI Holdings Inc. and its subsidiaries completed a US$100m capital raising in the form of a Convertible Note.
The capital will be used to accelerate the deployment of high-density computing power in the form of NVIDIA GPUs, enhancing customer engagement.
Partnerships with NEXTDC and ecosystem partners will be strengthened, driving revenue growth in the Asia-Pacific region.
Capital Raising Completion
Sharon AI successfully raised over US$100m through a Convertible Note, attracting new institutional investors and strategic corporates.
Use of Proceeds
The net proceeds are earmarked for deploying advanced computing infrastructure, specifically high-density compute using NVIDIA GPUs such as B200's, B300's, and GB300's.
Partnership Strengthening
The funding will fortify partnerships with NEXTDC, Cisco, Megaport, Lenovo, VAST Data, and World Wide Technology, enhancing capabilities and network reach.
Revenue Growth Focus
The capital injection aims to drive revenue growth in the Asia-Pacific region by bolstering the Neocloud platform and expanding data center capacity.
- The completion of the capital raising is expected to significantly boost Sharon AI's ability to deploy advanced computing technologies, specifically NVIDIA GPUs.
- Enhanced partnerships with NEXTDC and other ecosystem partners will pave the way for increased revenue and engagement with potential customers in the Asia-Pacific region.
Sharon AI's successful capital raising signifies a pivotal moment in accelerating the deployment of cutting-edge computing infrastructure and strengthening strategic partnerships for future growth and revenue expansion.