INDIANAPOLIS – December 10, 2020 – Scale Computing, a market leader in edge computing, virtualization, and hyperconverged solutions, announced today it has raised $30 million in funding, led by Elevate Ventures and with participation from existing investors.
Scale Computing will use the new funding to continue to build the company, expanding sales, delivery, and R&D. Having grown annual software 150% since its last funding, Scale Computing will continue expanding the capabilities of its edge computing, virtualization, and hyperconverged solutions to meet increased market demand.
As increasingly distributed computing and remote work become long term realities, organizations continue to upgrade their legacy infrastructure and adopt Scale Computing’s data center and edge computing solutions to obtain maximum availability, ease of use, and reliability. Scale Computing delivered record software revenue in each of the first three quarters of 2020 (ending September 30th), achieving a growth rate of 65% year-over-year.
“Scale Computing has been helping organizations with our self-healing, autonomously managed IT infrastructure since our inception. 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, CEO 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. Today is another milestone for our customers, partners, and employees, to whom we owe our tremendous growth. We are proud to have the support of our new investors, alongside our returning backers, as we continue to expand our reach into new verticals and geographies.”
“Many customers have told us how much time and money Scale Computing has saved them, enabling them to deliver the right IT infrastructure for their business, even in the most unusual of locations,” said Ting Gootee, chief investment officer at Elevate Ventures. “The Scale Computing platform allows organizations to quickly adopt edge and hyperconverged infrastructure so that anyone can get up and running in a matter of minutes. We are thrilled to help the company accelerate that growth with this next round of funding.”
Scale Computing’s solutions enable applications to achieve maximum uptime even when local IT resources and staff are scarce, making them ideal applications platforms for core data center to edge computing use cases for retail, industrial, transportation, manufacturing, finance, healthcare, education, remote office/back office, and mobile platforms.
About Version 2 Limited
Version 2 Limited is one of the most dynamic IT companies in Asia. The company develops and distributes IT products for Internet and IP-based networks, including communication systems, Internet software, security, network, and media products. Through an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 Limited offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.
About Scale Computing
Scale Computing is a leader in edge computing, virtualization, and hyperconverged solutions. Scale Computing HC3 software eliminates the need for traditional virtualization software, disaster recovery software, servers, and shared storage, replacing these with a fully integrated, highly available system for running applications. Using patented HyperCore™ technology, the HC3 self-healing platform automatically identifies, mitigates, and corrects infrastructure problems in real-time, enabling applications to achieve maximum uptime. When ease-of-use, high availability, and TCO matter, Scale Computing HC3 is the ideal infrastructure platform. Read what our customers have to say on Gartner Peer Insights, Spiceworks, TechValidate and TrustRadius.