Peak Nabs $16 Million to Meet Cloud-Services Demand

Peak, the IaaS cloud provider that sells exclusively through partners, says it has raised $16 million in capital in the past 10 months.

Denver-based Peak’s most recent $9 million round comes from investing partners Meritage Funds, Sweetwater Capital and Ares Capital. The company will use it to support increasing demand for its cloud-computing platform and to fuel ongoing innovation.   

“With the additional funding, Peak is able to expand into additional markets, serve a larger client base, and expand product development,” said Luke Norris, CEO and founder of Peak.

Peak offers cloud computing to VARs, distributors, agents and service providers who white-label or resell Peak’s cloud as their own solution. Peak says businesses powered by its cloud get deeper access and control of their environments, a choice of hypervisors, 100 percent SLA guarantees, and simplified “plug-in” access to Peak cloud locations via Layer 2 network protocols, versus Layer 3. Peak has cloud nodes located in eight locations across the United States and Europe.

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