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ClearSky Data Raises $20 Million in Financing Reaching Total of $59 Million

And doubles yearly revenue.

ClearSky Data, Inc. provider of on-demand primary storage with built-in offsite backup and DR as a service, announced it has raised $20 million in new funding.

New investors include a technology provider and Pear Tree Partners, L.P., in addition to participation from existing investors: General CatalystHighland Capital Partners and Polaris Partners.

The company has raised $59 million to date.

It will use the funds to accelerate customer deployments, sales and go-to-market activities.
 
It is experiencing business momentum in all areas, already more than doubling year-to-date revenue over its last fiscal year, and growing its customer base to include cloud-forward companies like Partners HealthCare, Massachusetts General Hospital, Nuance Communications and Unitas Global.

Also announced, the company is expanding its U.S. footprint in partnership with Equinix, Inc. who manages the largest global platform of interconnected data centers and business ecosystems.
 
Traditional approaches to enterprise storage are breaking down in the face of exponential data growth, cloud-first IT strategies and the need for data access across multiple locations,” said George Crump, president, Storage Switzerland. “CIOs are moving toward a hybrid cloud strategy to gain the resilience and durability of the cloud with the performance you can only achieve at the edge. ClearSky’s success shows how eager enterprise IT is to find a better solution for storage and management.
 
ClearSky transforms the way enterprises manage and consume data by replacing capital and time-intensive deployments with a single, durable copy of data that’s available anywhere and is consumed as a service. Its patented edge-based service automatically optimizes data across its lifecycle, giving enterprises limitless data access from multiple locations, complete with flash performance, comprehensive protection and management simplicity.
 
Dave Barrett, managing partner, Polaris Partners, and ClearSky board member, said: “ClearSky’s recent growth illustrates how ready enterprises are for solutions to the data access and management challenges of today’s hybrid cloud world. Enterprises want to be able to run their apps anywhere – on-premises, in the cloud or at the edge – and still access their data rapidly and on-demand. ClearSky provides a next-generation, cost-effective hybrid data management solution that’s simple to manage, and the market has taken notice.”
 
ClearSky has also expanded its team with the appointment of Roger Cummings as chief revenue officer. Previously, he was VP of MSP sales and global strategy for SevOne. He has technology expertise in sales leadership roles, including Storwize (acquired by IBM), Archivas (acquired by Hitachi Data Systems) and AppIQ (acquired by HP).

He joins a team of experienced technology executives including: VP of software engineering Paul Calato (formerly technical director at EqualLogic); VP of finance Deb Murphy (formerly VP of finance at Netezza) and VP marketing Courtney Pallotta (formerly director of marketing at Netezza/IBM).
 
We founded ClearSky with a vision to simplify complex storage architectures that were failing to meet the needs of enterprise IT,” said Ellen Rubin, co-founder and CEO, ClearSky. “We have exceeded customer expectations in our service delivery and, as a result, they continue to grow with us to address more workloads, manage more data and deploy across more locations. With this new round of financing, our partnership with Equinix and the expansion of our executive team, ClearSky is even better positioned to fully address the storage and management needs of our customers.”

Read also:
ClearSky Data Raises $27 Million Series B Funding
After $12 million in series A last year
2015.11.03 | Press Release
ClearSky Data, Stealthy Start-Up Just Discovered
Several former EqualLogic executives into or behind the company
by Jean Jacques Maleval | 2014.12.25 | News

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