Scale Computing Lands $17 Million

Scale Computing 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."