Indianapolis-based Scale Computing says it has raised $30 million in funding, led by Elevate Ventures and with participation from existing investors.
The IT infrastructure software company says it will use the new funding to continue to build the company, as well as expand sales, delivery, and R&D.
Scale Computing says it delivered record software revenue in each of the first three quarters of 2020, marking a growth rate of 65% year-over-year.
The firm says as remote work becomes long term realities, organizations continue to upgrade their infrastructure and adopt Scale Computing’s technology.
“In no area is our technology more important today than in edge computing, where the costs of downtime and management grow exponentially,” said Jeff Ready, chief executive officer of Scale Computing. “We have met the challenges of this new and fast-growing market, and this is driving significant growth as more and more enterprises discover the tremendous cost savings the Scale Computing platform brings to the edge.”
Scale says its HC3 software eliminates the need for traditional virtualization software, disaster recovery software, servers, and shared storage.