Tier 3 Adds $10M, Led by Intel Capital, to Expand Cloud Services
September 27, 2012
Grazed from Xconomy. Author: Curt Woodward.
Cloud-computing service provider Tier 3 has raised another $10 million to expand its IT products for big businesses.
The new money first showed up in a filing with the SEC. A company spokeswoman says new investor Intel Capital led the Series B round, which also included investments from existing backers Madrona Venture Group and Ignition Capital. The new cash brings the total venture investment in Tier 3 to $18.5 million…
Tier 3 provides a range of networked IT services, including hosting, virtual private cloud computing, and on-demand cloud resources for applications. The Bellevue, WA-based company, which has roughly 50 employees, is led by CEO Adam Wray, a veteran of Limelight Networks, Amazon, and Akamai. The company was founded in 2006 by technical chief Jared Wray (no relation to the CEO)…
Read more from the source @ http://www.xconomy.com/seattle/2012/09/27/tier-3-adds-10m-led-by-intel-capital-to-expand-cloud-services/