Scale Computing Raises $35M in Funding
INDIANAPOLIS - Indianapolis-based Scale Computing has announced nearly $35 million in Series F funding. The company, which provides an IT virtualization infrastructure platform, says the round was led by computer manufacturer Lenovo. A spokesperson for Scale Computing says the investment will fund the continued expansion of international sales and marketing activities, broaden its channel partner program and accelerate product development.
Scale Computing says its HyperCore technology identifies, mitigates, and corrects infrastructure problems in both hardware and software in real time. Chief Executive Officer Jeff Ready says the company has experienced tremendous growth over the past two years, more than doubling its revenue.
The company says new and existing financial investors also participated in the funding round. They include Don Aquilano, managing director of Allos Ventures in Indianapolis, which also led Scale's Series A 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."
The funding comes a week after Lenovo announced a global partnership with Scale to bring its technology to global retailers, distributed enterprises and small-to-medium businesses.