news

PeakColo Lands Almost $5 Million in New Funding

PeakColo has secured $3 million in funding from Square 1 Bank, and closed another round of funding, worth $1.5 million, as part of the growth equity capital secured last August from Meritage Funds and Sweetwater Capital.

The IaaS cloud service provider, which sells through channel partners, will use the Square 1 money to support the demand it’s experiencing in its existing markets, and to serve as capital for moving into new markets. The Meritage-Sweetwater funding, which now totals $9 million, will go toward expansion of cloud node capacities in existing locations.

PeakColo offers turnkey infrastructure services including hosted private and public clouds, and white-label cloud services. Channel partners are able to rebrand VMware vCloud cloud computing platforms in parts of the United States and the United Kingdom.


Leave a comment

Your email address will not be published. Required fields are marked *

Polls

How do you approach customer MPLS networks in the age of SD-WAN?

View Results

Loading ... Loading ...
The ID is: 86710