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JP Morgan, Bank of America-backed data centre startup enters Brazil with Spain, Poland, and Australia next

The operator is trying to fight “expensive Big Tech clouds” and undo the trend of “workloads repatriation” to on-premises infrastructure.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

December 17, 2021 | 4:00 AM GMT

JP Morgan, Bank of America-backed data centre startup enters Brazil with Spain, Poland, and Australia next

J.J. Kardwell, CEO of parent company Constant. Source: Vultr

Independent cloud infrastructure provider Vultr has launched its first data centre location in São Paulo, Brazil, also the business’ first in South America.

With the launch in Brazil, Vultr has now 20 facilities worldwide including recently launched sites in Mexico City and Stockholm, with Madrid, Spain; Melbourne, Australia; and Warsaw, Poland, lined up for expansion in the coming months.

The company said the opening of São Paulo is in response to demand from developers and businesses in the region and will see the company offer its Cloud Compute instances and High Frequency Compute instances within the continent.

Founded in 2014 by David Aninowsky, and completely bootstrapped, Vultr has grown without ever equity financing.

In early 2021, Vultr further augmented its ability to accelerate global expansion with a R$150 million (US$26.37 million) credit facility with J.P. Morgan and Bank of America.

J.J. Kardwell, CEO of parent company Constant, the company that created Vultr, said: “Vultr’s value proposition of providing easy-to-use, high-performance cloud infrastructure at a fair, predictable price resonates with businesses and developers who are tired of the complexity and cost of the Big Tech clouds.

“Vultr’s independence is a significant advantage, and we’ve been able to rapidly expand our cloud data centre locations to increase accessibility for businesses and developers around the world.

“With three new locations planned for 2022 and more in the works, we are well-positioned to become the preeminent independent provider of cloud infrastructure for businesses and developers around the world.”

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Founder and Editor, The Tech Capital

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