Channel partner-focused IaaS provider Peak has secured $4 million in new financing from its current investment group, Meritage Funds and Sweetwater Capital. The funding will support key partnerships such as the recently announced Telx partnership. The company retargeted its efforts to focus purely on the channel, offering cloud computing to value-added resellers, distributors, agents and service providers who white label or re-sell Peak’s cloud as their own solution. The shift in strategy has been paying off, as the high profile partnerships suggest. The new funding will help the company expand its reach.
“By securing additional funding, Peak manifests its destiny by expanding into additional markets coast to coast, and serving a larger client base,” said Luke Norris, CEO and Founder of Peak. “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.”
Peak has nodes located in eight geographies across the U.S. and Europe, including Silicon Valley, Seattle, Denver, Chicago, New Jersey, New York, Atlanta and the United Kingdom. The funding will help expand its already growing footprint.
Peak’s cloud is suited for a variety of services including disaster recovery, production workloads, storage and backup to the cloud. It offers a 100 percent uptime Service Level Agreement (SLA). The company was formerly known as PeakColo, but changed its name to better represent its channel-centric cloud offerings.