Peak Raises $9M in Funding for Cloud-based IaaS Platform
Peak on Wednesday said it has raised $9 million in funding to assist channel partners with leveraging cloud-based infrastructure as a service (IaaS).
The Denver-based company enables resellers and agents to white-label Peak’s cloud services as their own. It delivers on-demand computing, network and storage resources to customers offering services.
The company said it expects to leverage the additional funds to accelerate demand for its cloud computing platform, and fuel product development and innovation.
Existing investing partners Meritage Funds and Sweetwater Capital led the Series A round, with participation from new investor Ares Capital. Peak has raised a total of $16 million in financing since December 2013.
“Should we need additional funding 2015, we will leverage our existing investor organizations,” said Luke Norris, founder and CEO at Peak, in an email.
Norris said Peak will “continue addressing accelerating demand for our platform, product development, and possible acquisitions of the ‘right’ complementary companies” in 2015.