What is Netmagic Solutions?
Netmagic Solutions, a wholly-owned subsidiary of NTT Communications, stands as India's premier provider of Managed Hosting and Multi-Cloud Hybrid IT solutions. Operating nine state-of-the-art hyperscale and high-density data centers, the company serves over 2,000 enterprises globally. Headquartered in Mumbai, Netmagic also extends its Remote Infrastructure Management (RIM) services to a worldwide clientele, including NTT Communications' customers across the Americas, Europe, and Asia-Pacific. The company has pioneered services such as Cloud Computing, Managed Security, Disaster Recovery-as-a-Service (DRaaS), and Software-Defined Storage in India. Its market leadership is further validated by its #1 ranking among data center service providers in India, as recognized by Cloudscene. Netmagic has also garnered multiple accolades, including three awards at the CIO Choice Award 2018 and recognition at the Frost & Sullivan India Digital Transformation Awards 2017.
How much funding has Netmagic Solutions raised?
Netmagic Solutions has raised a total of $36M across 2 funding rounds:
Series B
$20M
Series C
$16M
Series B (2008): $20M with participation from Nexus Venture Partners
Series C (2010): $16M led by Fidelity International, Cisco Systems, Inc., Nexus Venture Partners, and Nokia Growth Partners
Key Investors in Netmagic Solutions
Nexus Venture Partners
Nexus Venture Partners is a venture capital firm established in 2006, specializing in seed, startup, growth capital, and early-stage investments, with its base in California, United States.
Cisco Systems, Inc.
Cisco Systems, Inc., founded in 1984 and headquartered in San Jose, California, is a global leader in designing, manufacturing, and selling Internet Protocol-based networking products and related communications and information technology solutions.
Nokia Growth Partners
Nokia Growth Partners is associated with Nokia, a Finnish multinational telecommunications, information technology, and consumer electronics company founded in 1865, offering a wide array of network equipment, software, and services globally.
What's next for Netmagic Solutions?
With a history of substantial capital injections, Netmagic Solutions is strategically positioned for continued expansion. The enterprise-level funding context indicates a focus on enhancing its robust infrastructure, potentially through further data center development or technological advancements in cloud and managed services. Future investments are likely to target strengthening its market share in India and expanding its international service delivery capabilities, leveraging its relationship with NTT Communications to drive synergistic growth and innovation in the hybrid IT landscape.
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