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Cloud Services Provider Peak Receives $4 Million Venture Funding

January 13, 2014
by Staff Writer

Denver-based cloud services provider Peak (formerly known as PeakColo) has received $4 Million in venture funding. The new round of funding has been provided by Sweetwater Capital and Meritage Funds (organizations that have previously invested in the company). Peak has enjoyed investment of $13 million to date.

Established in 2006, Peak has enjoyed continued demand for its cloud computing options and experienced growth of 430% over the last couple of years. The company focuses on providing white label offerings to channel partners with services that include disaster recovery, production workloads, storage and cloud backup. It operates data centers (seven in the United States and one in London, United Kingdom) that offer servers with fast solid-state drives and which are underpinned by Facebook’s Open Compute Project standards.

The company's partners include Avnet Cloud Solutions, Comstor, Mountain States Networking and global interconnectivity and datacenter solutions provider Telx. The company's new round of funding will go towards supporting such partnerships.

“By securing additional funding, Peak manifests its destiny by expanding into additional markets coast to coast, and serving a larger client base,” explained Peak's CEO and Founder, Luke Norris. “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% 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.”

Do know of any other companies that have received investment? Let us know the details. Add your comments below.

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