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The Denver-based IaaS cloud provider Peak has garnered $16 million in funding. $7 million flowed in over the last year, which facilitated the expansion of Peak's cloud nodes in Denver, California, Chicago, Atlanta, and elsewhere, including the United Kingdom. It is one of a series of local cloud startups that have achieved serious success in Colorado's booming tech economy.
"With the additional funding, Peak is able to expand into additional markets, serve a larger client base, and expand product development," said Luke Norris, CEO and founder of Peak, in a statement. "It's reaffirming to have the backing of investors with the prestige, resources and knowledge of Meritage Funds, Sweetwater Capital, and Ares Capital. This gives Peak a substantial advantage and allows us to support our mission to power clouds globally."
As demand for reliable cloud infrastructure services continues to escalate, Peak has established channel partnerships with Comstor, Avnet, Westcon, and, most recently, Telx. Peak offers its clients a high level of environmental control and 'plug-in' access via Layer 2 protocols.
"Peak dominates a unique niche in the cloud infrastructure industry; they are the only provider that distributes cloud services exclusively through channel partners. Because of their unwavering focus, Peak has solidified a strong customer base and a high-performing solution for the global market," said David Solomon, Managing Director of Meritage Funds, in a statement. "We are delighted that our capital will enable Peak to continue to create success-based investments in response to customer demand."
