Scale Computing Raised $35 Million, Total Reaching $96 Million

Scale Computing, Inc. announced $34.8 million in Series F funding.

The largest investor in the round is Lenovo Enterprise Solutions, Pte Ltd, which recently announced a global partnership with Scale to bring intelligent edge computing to global retailers, distributed enterprises, and SMBs. New and existing financial investors also participated in the round.
 
Scale’s patented HyperCore technology identifies, mitigates, and corrects infrastructure problems in both hardware and software in real time, using machine intelligence and automation to keep applications running without human intervention. This capability is especially critical in distributed enterprise edge computing, retail, and SMB deployments, where onsite IT staff may be very limited or non-existent. As such, Scale’s HC3 Edge platform has emerged as a platform for running mission critical applications in these environments.
 
“We have experienced tremendous growth over the past two years, driven by our unique capability to completely automate the administration of a fully converged platform,” said Jeff Ready, CEO, Scale Computing. “This round of funding, combined with our new partnership with Lenovo, enables us to instantly reach customers at a global scale.”
 
Recently announced customer wins include Ahold Delhaize, a global supermarket retailer with nearly 7,000 stores; Genting Group, the third largest casino company in the world; Jerry’s Enterprises, Inc., a large North American food retailer, and Farm Bureau Insurance. 
 
“What makes Scale unique is that it really is a set-it-and-forget-it platform. It just takes care of itself,” said Jeff Miller, IT director, Jerry’s Enterprises, a customer operating 50 retail stores across the United States. “When we deploy Scale, not only do we eliminate the need for VMware, backup software, and DR software at that location, but we also eliminate 90% of the time previously spent managing infrastructure. Scale gives us a platform that can be used in all of our locations, whether it’s a very small deployment at a gas station, servers at a big box store, or a large cluster in our datacentre.”
 
Fueled by the growth of both edge computing and the desire to bring automation to IT systems, Scale’s revenue has more than doubled over the past two years, with sales in the retail sector specifically up 4x, closely followed by other distributed enterprises.

“Scale is a company which has exceeded its plans for more than two years,” said Don Aquilano, Allos Ventures, who led Scale’s Series A and also participated in this investment round. “We are absolutely thrilled with the company’s performance and market leadership 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.” 
 
To accommodate all investors in the round, Scale Computing’s funding has multiple closings, including $21.2 million in a first close. The remainder of the round will close by the end of 2018, taking the total to $34.8 million.  

Read also:
Lenovo and Scale Computing Collaborating
To solve edge infrastructure challenges for retailers
2018.10.22 | Press Release