Scale Computing secures $55 million to help companies manage edge infrastructure

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Edge computing is seeing an explosion of interest as enterprises process more data at the edge of their networks. Based on 2021 data interview (albeit from an edge computing service provider), 77% of companies said they expect edge spending to increase in 2022. the end user, not everyone has an idea of ​​what he needs. Managing a fleet of peripherals across multiple locations can be a burden for IT professionals who lack the necessary infrastructure.

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Jeff Reedy claims that his company, Compute scaling, can help businesses that don’t know where to start edge computing with storage architecture and disaster recovery technologies. Ready, who runs an Indianapolis brewing company among other things, launched Scale Computing in 2007 with Jason Collier and Scott Loughmiller.

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Both Loughmiller and Collier worked for Tumbleweed Communications, developing a messaging and file transfer platform for corporate and government customers. Prior to Scale Ready, Loughmiller and Collier co-founded Corvigo, which offered an email spam filtering tool.

Scale’s early focus was on selling servers loaded with specialized storage software aimed at small and medium businesses. But later, the company switched to “hyper-converged” infrastructure and edge computing products that virtualize customer infrastructure by consolidating servers, storage, a virtual machine monitor called a hypervisor, data backup and recovery into a single system.

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“Scale Computing has developed an IT infrastructure platform that … eliminates the need for traditional IT repositories of virtualization software, disaster recovery software, servers and shared storage, replacing them with a fully integrated, highly available platform for running applications,” Rady said in the report. . email interview with TechCrunch. “The self-healing platform automatically detects, fixes, and fixes infrastructure issues in real time, allowing applications to achieve maximum uptime even when local IT resources and staff are understaffed.”

These are lofty promises. But — bolstering Scale’s credibility — the company today raised $55 million in new funding led by Morgan Stanley Expansion Capital, bringing Scale’s total fundraising to $202 million.

“The technological advantages of the Scale Computing edge computing platform are addressing endemic customer challenges by improving the resiliency, manageability and efficiency of their IT infrastructures,” said Pete D. Chang, managing director and head of Morgan Stanley Expansion Capital. “It’s clear from our diligence that Scale Computing customers benefit from cost savings as well as increased confidence in their IT infrastructure.”

The Scale platform allows companies to run applications near users, at the edge, centralizing the management of remote sites, such as branch offices, from a single control panel. The company’s device management tool gives users the ability to view their fleet of devices from the console and check their health if necessary, automatically flagging problems and logging them for IT to diagnose.

“Companies across a wide range of industries are looking to simplify their IT infrastructure, increase business resilience and reduce operational costs. The pandemic has also demonstrated the importance of having edge computing capabilities outside of a large centralized data center,” Reedy said. “Scale software eliminates the need for traditional IT repositories of virtualization software, disaster recovery software, servers and shared storage, replacing them with a fully integrated, highly available platform for running applications.”

The Ready language may be exaggerated, but the demand for edge computing management software is certainly on the rise. According The global edge computing market, which was estimated at $7.43 billion in 2021, could grow to $155.90 billion in 2030, according to Grand View Research.

Ready did not disclose revenue and — perhaps as a hedge in light of the economic downturn — objected when asked if Scale plans to increase its staff to 160 by the end of the year. But he said the company currently has more than 6,000 customers in North America, Europe and the Middle East, as well as the Asia-Pacific region.

It is reported that at some point these clients included franchise of Jerry’s Enterprises grocery store and Genting Group casino company.

“Despite the uncertainty caused by, or perhaps because of, the pandemic, Scale Computing is facing unprecedented demand for its edge computing, virtualization, and hyperconverged solutions,” Ready added in a follow-up email. “We will use new funds to expand our leadership position in edge computing, including investments in people, research and development, and debt restructuring.”


Credit: techcrunch.com /

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