$30 Million Funding Round for Scale Computing

Scale Computing, Inc. raised $30 million in funding, led by Elevate Ventures and with participation from existing investors.

It 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, it 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.

The start-up delivered record software revenue in each of the first three quarters of 2020 (ending September 30), achieving a growth rate of 65% Y/Y.

“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. “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, 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 for 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.

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Scale Computing Raised $35 Million, Total Reaching $96 Million
Investors include Lenovo, in global partnership with start-up.
October 26, 2018 | Press Release