CEDAR RAPIDS, IA—Global investment firm Carlyle Group has agreed to buy Involta, a data center company focused on hybrid IT and cloud infrastructure, including data center colocation, hybrid cloud, edge, fiber, and related products. Involta has 12 data centers in Iowa, Ohio, Minnesota, Idaho and Arizona, and has 12,000 miles of its own fiber network in the US. Carlyle’s capital, resources, and expertise will help expand Involta’s operations.
FLYOVER COUNTRY—Innovation districts are not just the province of traditionally high-tech cities on the coasts. Some cities in Flyover Country are realizing that putting innovative people together in groups can not only birth great ideas but can also generate economic growth. This article in Forbes talks about some cities, such as Cincinnati and Fort Wayne, who are putting great efforts into their Innovation Districts.
MILWAUKEE, WI—Rockwell Automation is co-leading a $400M funding round for cybersecurity firm Claroty, which serves the industrial, health care and enterprise markets. Rockwell has been investing and partnering with Claroty since 2017. The latest funding round for Claroty coincides with the company’s intent to acquire Medigate, a health care IoT security company.