Nexera Technologies Ltd (NASDAQ:NEXR) shares surged in Thursday’s session after the company announced a strategic collaboration tied to the data center market.

Nexera closed Thursday’s regular session at $1.10, up 95.56%. Shares continued higher in after-hours trading, rising 11.82% to $1.23.

Nexera is a technology company focused on AI-driven security solutions, e-commerce and industrial technology through its subsidiaries.

Data Center Collaboration

Nexera’s rally followed an announcement from its majority-owned subsidiary, Fort Technology Inc. (NASDAQ:FRTT)