Scale Computing Raises $34.8 Million in Strategic FundingOctober 25, 2018
“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 of Scale Computing. “This round of funding, combined with our new partnership with Lenovo, enables us to instantly reach customers at a global scale.”
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 the leading platform for running mission critical applications in these environments.
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, a large North American food retailer; and Farm Bureau Insurance.
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 of 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.”