INDIANAPOLIS--(BUSINESS WIRE)--Scale Computing, a developer and manufacturer of complete, end-to-end midmarket clustered storage solutions, today announced it has secured $17.0 million in Series C funding. This latest round of funding brings the total raised for the company to $31 million. Led by Scale Venture Partners with participation from Northgate Capital and existing investors (including Benchmark Capital), the funding will be used to increase Scale Computing’s market share within the SME space, drive international expansion and product development, and fund job growth as the company expects to triple the number of staff in its Indianapolis headquarters over the next 36 months.
“Scale Computing has experienced tremendous success and growth in a very short period of time, mainly because our value proposition, intelligent, enterprise-grade storage for the SME, has resonated with our customers,” said Jeff Ready, CEO and co-founder of Scale Computing. “This round of funding, coupled with the support of our investors, will help us increase our global footprint and really hone in on increasing our market share in the $7.7 billion SME storage space.”
With the announcement, Rob Theis, managing director of Scale Venture Partners, will join Scale Computing’s board of directors. With an operating background and investing career spanning almost 30 years, Theis currently serves on the boards of BrightRoll and HubSpot. Theis will join Scale Computing board members Jeff Ready, Scott Loughmiller, Rick Thau, Don Aquilano and Bill Gurley.
“The storage industry is again embarking on radical change,” said Theis. “Scale Computing’s intelligent storage solutions coupled with its seasoned executive team puts the company squarely in position to lead this change. Scale has quickly become a storage powerhouse for third generation storage based on their proprietary ICS technology. Customers love the performance, reliability and scalability. And, reorder rates are strong.”
Intelligent Storage Offers Flexibility and Low Price
Scale Computing’s storage portfolio is based on the company’s Intelligent Clustered Storage (ICS) technology, which enables users to add storage hardware, known as storage nodes, as necessary without suspending services or migrating data. IT managers are able to build out storage clusters, starting with just 1.5 usable terabytes up to the multiple petabyte range on a single file system. As a unified storage platform, Scale’s Starter Cluster line of products provides for simultaneous SAN and NAS services from a single pool of storage, providing enterprise-class, truly clustered, and highly scalable storage at a fraction of the price of competing solutions.
“Given the opportunity to evaluate Scale Computing’s product, I have been very impressed with its ease of use and scalability,” said Arun Taneja, founder and consulting analyst, Taneja Group. “It comes as no surprise to me that more than 200 customers are already running their businesses on Scale’s intelligent storage solutions and I expect a lot more people will be learning and hearing about this product—real soon.”
For more information on Scale Computing, visit www.scalecomputing.com or call 877-SCALE-59.
About Scale Computing
Scale Computing is a developer and manufacturer of complete, end-to-end midmarket clustered storage solutions. Based on Scale’s Intelligent Clustered Storage™ (ICS) technology, Scale’s storage portfolio aims to reduce costs while increasing control, as well as make storage management more convenient for IT administrators. The Starter Cluster line of products provides enterprise-class, truly clustered storage features at a fraction of the price of comparable solutions. IT managers are able to build out storage clusters, starting with just 1.5 terabytes up to the multiple petabyte range on a single file system using commodity hardware. One hundred percent channel, Scale’s Generation 3.0 storage solution is protocol and density agnostic. Based in Indianapolis, IN, Scale Computing was named one of Forbes’ Most Promising Companies in 2009. For more information, visit www.scalecomputing.com.
About Scale Venture Partners
Based in Foster City, California, the ScaleVP team is a long-standing partnership with a consistent, top quartile track record of returns for the past decade. ScaleVP’s market-tested investment strategy, extensive operating networks and go-to-market expertise help identify and build successful portfolio companies in technology and healthcare markets. The ScaleVP team’s collaborative and active approach provides entrepreneurs a competitive advantage for growth and category leadership. Representative portfolio companies include Alimera Sciences, EverydayHealth, ExactTarget, Frontbridge, IPC TheHospitalist Company, mBlox, Monolithic Power Systems, National Healing, NComputing, Omniture, Orexigen, ScanSafe, and Zogenix. For more information, visit www.scalevp.com.