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.