Scale Computing Eyes Global Growth

Posted: Updated:

Fresh off a $35 million round of funding and a partnership with global tech giant Lenovo, the chief executive officer of Indianapolis-based Scale Computing says the stage is set for even bigger things in the future. "I think we're on a path to hopefully be looking towards an IPO in a few years," said Jeff Ready. "You never know how these things go, but we're growing very quickly and big partners like Lenovo help us get there and this funding will help, too." Ready says the $35 million Series F round of funding will fuel continued international sales and marketing efforts and the addition of 100 jobs, which will push Scale's employment base to more than 200.

In an interview on Inside INdiana Business with Gerry Dick, Ready talked about the company's new business model and prospects for growth.

Ready, fellow Rose-Hulman Institute of Technology graduate Scott Loughmiller and Indiana State University grad Jason Collier founded Scale Computing in 2007. The company provides customers with the hardware and software that powers business applications, with an artificial intelligence layer that allows the platform to run with little or no administration. Ready says Scale's business model is evolving from a focus on small and mid-sized businesses to globally distributed companies in sectors like retail.

Ready says Scale's revenue has more than doubled in the past two years, performance that is catching the attention of the venture capital world. Don Aquilano is managing director of Indianapolis-based Allos Ventures, a participant in Scale's $35 million round of funding. "Scale is a company which has exceeded its plans for more than two years," said Aquilano. "We are absolutely thrilled with the company's performance and market leadership now as edge computing moves to the forefront of IT. No company is better positioned to take advantage of this global trend. Scale is a true success story with much more to come."

  • Perspectives

    • Regional Investment Proposal Could be a Game Changer for Quality of Place Initiatives in Indiana

      While quality of place may be defined differently by people, a growing number of Hoosiers recognize the importance of this issue. In particular, the impact of quality of place on talent attraction and retention in a geographic area cannot be ignored. The future of every community is dependent on quality of place. Like many Midwestern states, Indiana is not growing at the same pace as areas in the southern and western regions of the United States.



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • The Vogue opened as a movie house in 1938, then reopened as a nightclub in 1977. (Picture Courtesy: The Vogue)

      Tech Vets Purchase Popular Indy Nightclub

      A group of Indianapolis tech entrepreneurs has bought a popular nightclub in the city's Broad Ripple neighborhood. High Alpha co-founder Eric Tobias and former MOBI executives Scott Kraege and Andrew Davis say they will retain the Vogue's current staff to manage the venue's day-to-day operations. The new owners say they will detail plans to reinvigorate the Vogue through enhanced fan experience and engagement in the coming months. Tobias, Kraege and Davis purchased the Vogue...

    • (Image courtesy of the Indianapolis Colts.)

      Colts Announce 2019 Regular Season Schedule

      The 2019 NFL schedule is out and the Indianapolis Colts will play in several high-profile games. All three of the Colts’ 2019 primetime games will be on the road against defending division champions. 

    • Bryan Brenner is the CEO of FirstPerson and a founding partner of Performance Lab.

      FirstPerson Execs Launch Performance Lab

      A new firm founded by executives from Indianapolis-based FirstPerson says it wants to help companies strengthen performance. Performance Lab uses a field test known as the Performance Climate Survey, which provides insights into a company’s performance culture. Founding Partner Bryan Brenner, who is also the CEO of FirstPerson, says the firm has already landed a number of early customers, including Goodwill Industries, the Indy Chamber and the Central Indiana Community Foundation.

    • Skilled Nursing Facility Proposed for Merrillville

      A new $7 million skilled nursing facility is being proposed in Merrillville. Our partners at The Times of Northwest Indiana report the development would include five residential buildings outfitted with 12 beds, a dining area, beauty salon and spa. 

    • 2019 'Stellar' Finalists Announced

      Lieutenant Governor Suzanne Crouch has unveiled the finalists for the 2019 Stellar Communities Program. The four regions selected will receive a planning grant and work with the Indiana Communities Institute at Ball State University on project alignment and continued planning efforts. Stellar Communities, launched in 2011, is led by the Indiana Office of Community and Rural Affairs and aims to boost community and economic development and promote local and regional partnerships.