Scale Computing Secures $9 Million Investment
Indianapolis startup Scale Computing says it has received $9 million in venture funding from lead investor Benchmark Capital of California. The data-storage technology developer says the funding will be used to improve its product line and for international expansion. In November, Scale Computing located to the Purdue Research Park at AmeriPlex-Indianapolis and unveiled plans to expand its work force from 15 employees to 50 by the end of the year.INDIANAPOLISScale Computing, a developer and manufacturer of complete, end-to-end midmarket clustered storage solutions, announces its Series B investment totaling $9.0 million. Led by Benchmark Capital, with participation from existing investors Blue Chip Venture Company, CID Equity and Spring Mill Venture Partners, the funding will be used to support the long-term development of Scale Computing’s product line, international expansion and company growth.
“We are thrilled by the tremendous investor support which will help us not only continue to improve our product line, but also aggressively expand into international markets,” said Jeff Ready, CEO, Scale Computing. “Benchmark Capital’s experience and expertise in helping to build market-leading companies will certainly help us significantly to advance our offerings and continue growing the company - both of which are key to meeting the accelerating demand we're experiencing. Our pipeline growth is accelerating at a 50 percent rate per quarter.”
With the announcement, Benchmark Capital general partner, Bill Gurley, will also join Scale Computing board members Jeff Ready, Scott Loughmiller, Rick Thau, and Don Aquilano. Since joining the venture industry 10 years ago after a successful stint as a research analyst on Wall Street, Gurley has invested in such companies as de-dupe pioneer Avamar (acquired By EMC), as well as OpenTable, one of last year’s most successful IPOs.
“We are thrilled to be leading an investment in Scale,” said Gurley. “This is what I would consider to be an investment trifecta - a team of repeat entrepreneurs connected with a disruptive product targeted at a massive growth industry.”
Recently awarded Best New Product Infrastructure Category by PC Mall, Scale’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 three 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.
For more information on Scale Computing, contact Scale at 877-SCALE-59 or visit www.scalecomputing.com.
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 6
terabytes (raw) 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.