Cloud infrastructure provider Peak, formerly PeakColo, announced on Thursday that it has raised $4 million in new financing to help support key partnerships and increasing demand for cloud computing services.
Meritage Funds and Sweetwater Capital, both existing investors in Peak, participated in the funding round.
Peak has cloud nodes in eight locations across the US and Europe, and plans to use the funding to expand its reach and serve a larger customer base. Currently, it has cloud nodes in Silicon Valley, Seattle, Denver, Chicago, New Jersey, New York, Atlanta and the UK. Peak added its cloud nodes in Santa Clara and Atlanta at the beginning of December.
“By securing additional funding, Peak manifests its destiny by expanding into additional markets coast to coast, and serving a larger client base,” Luke Norris, CEO and founder of Peak said. “With our patented technologies we are helping companies realize the many benefits of enterprise cloud computing more readily and more economically. As such we have seen over 430 percent growth over the past two years. We are excited about our year ahead and further serving our reseller and agent community with our best-in-class solutions.”
In an interview with Talkin’ Cloud last month, Norris said that possible locations for expansion must have a high concentration of channel partner office locations and a high percentage of end user businesses.
Peak offers its cloud computing solutions, including storage and cloud backup, to its partner ecosystem of VARS and service providers who white label or resell Peak’s cloud as their own solution. This kind of partnership can save service providers resources in the long-run since it is expensive and time consuming to develop a cloud infrastructure platform in-house.
Peak also has a patent for its Layer 2 Direct Connect services, an option that enables migration to its cloud computing and specialized application environments.