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."