UPDATED 08:07 EDT / OCTOBER 25 2018

INFRA

Edge infrastructure firm Scale Computing raises $34.8M round

Hyperconverged infrastructure and edge computing startup Scale Computing Inc. today said it has landed $34.8 million in a late-stage round of funding.

Scale Computing’s promise is a simple one, helping smaller organizations to identify, correct and mitigate problems with their information technology infrastructure so they can keep their systems up and running without any need for human intervention. The company does so with its HC3 Edge platform, which is used to virtualize customers’ on-premises infrastructure by combining servers, storage, a virtual machine monitor called a hypervisor, and backup and data recovery into a single system so it can automate their management.

The company reckons it’s seeing rapid adoption of its platform among customers that run distributed edge environments such as “internet of things” deployments, as well as the retail sector, where the availability of IT staff onsite is generally quite limited.

News of the funding comes just a week after Scale Computing said it was forging a partnership with lead investor Lenovo that will make its HC3 Edge Platform available on Lenovo Servers. The partnership, which targets small and medium-sized businesses in the retail and other sectors, aims to make it easier for these organizations to deploy IT assets at the network edge. Customers gain a simple, intelligent and highly integrated on-premises system that can be installed closest to where workloads are being run and where data is being generated, the companies said.

“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,” Jeff Ready, Scale Computing’s chief executive officer, said in a statement. “This round of funding, combined with our new partnership with Lenovo enables us to instantly reach customers at a global scale.”

The company says it has experienced solid growth in the past two years, with revenue doubling and sales in the retail sector growing by four times in that period. Its customers including Genting Group, which is the world’s third-largest casino company; Jerry’s Enterprises Inc., a major grocery store company; and Farm Bureau Insurance.

The Series F investment round was led by Lenovo Group Ltd. with participation from existing investors, including Allos Ventures. “Scale is a company which has exceeded its plans for more than two years,” said Don Aquilano of Allos Ventures.

Photo: Scale Computing

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