Scale Computing Raises $55M in New Funding
INDIANAPOLIS, July 12, 2022 -- Scale Computing has raised $55 million in funding, led by funds managed by Morgan Stanley Expansion Capital.
Scale Computing will use the new funds to expand their leadership position in edge computing, including investments in people, R&D, and restructuring of debt. Scale Computing will continue expanding the capabilities of its edge computing, virtualization, and hyperconverged solutions to meet increased market demand.
“It was clear from our diligence that Scale Computing’s customers benefit from material cost savings as well as increased confidence in their IT infrastructure,” said Pete D. Chung, Managing Director and Head of Morgan Stanley Expansion Capital. “The technological advantage of Scale Computing’s edge computing platform solves endemic customer problems through enhanced resiliency, manageability and efficacy of their IT infrastructures. We are thrilled to help the company build upon their success with this funding.”
The ever-expanding expectations of today’s digital world demand more applications run outside the cloud or traditional data center, close to where they are used by people, devices, and IoT technologies. Managing the sprawl of complex infrastructure to run applications locally in distributed locations is an escalating burden on IT departments. Scale Computing’s SC//Platform enables users to run applications and process data outside centralized data centers, at the edge of the network closest to where that data is created and utilized.
“Data is moving to the edge twice as fast as it moved to the cloud,” said Jeff Ready, CEO of Scale Computing. “Management of the edge is an inverted problem from management of the data center. A typical data center deployment represents hundreds or thousands of servers at one or two locations. On the other hand, a typical edge deployment is a handful of servers each at hundreds or thousands of locations. This requires a completely different approach to deployment and management, and Scale Computing has continually met the challenges of this fast growing market. A growing number of enterprises are implementing the tremendous time and cost savings found in SC//Platform for the edge and we are proud to have the support of Morgan Stanley as we continue to expand.”
The SC//Platform is an autonomous, self-healing platform that enables remote edge management of applications and systems at scale, and keeps applications running even as errors happen, utilizing machine intelligence rather than human administrators. The award-winning SC//HyperCore software delivers on-premises edge computing with high availability and disaster recovery to remote locations at an affordable entry-level cost. All SC//Hardware can be deployed quickly, managed locally or remotely, and can self-heal almost instantly. Customers get all the benefits of affordable edge computing infrastructure without sacrificing reliability, ease of deployment, and ease of use.
About Scale Computing
Scale Computing is a leader in edge computing, virtualization, and hyperconverged solutions. Scale Computing software eliminates the need for traditional virtualization software, disaster recovery software, servers, and shared storage, replacing these with a fully integrated, highly available system for running applications. Using patented HyperCore technology, the self-healing platform automatically identifies, mitigates, and corrects infrastructure problems in real-time, enabling applications to achieve maximum uptime. When ease-of-use, high availability, and TCO matter, Scale Computing is the ideal infrastructure platform.
Source: Scale Computing
