Denver-based Peak announced Thursday morning that it secured $4 million to provide its cloud computing services to new markets.
The technology company’s CEO Luke Norris said the money also plays a key role as Peak, formerly known as PeakColo, begins to work with Telx, a company based in New York.
“After looking at our options to expand this year and solidifying our relationship with Telx, we decided we would grow into two of their facilities,” Norris said. “Essentially that’s what the funding allows us to do in a very comfortable manner.”
Telx is a provider of interconnection and secure data center services. By partnering with the larger company, Peak is able to reach more large metropolitan markets like Atlanta.
“There’s a lot of benefits of having a large common partner,” Norris said, especially as the company works to get another 10 to 14 sites up.
Peak has grown rapidly since its start in 2006. The privately-owned company has cloud nodes located in eight locations internationally. Its infrastructure-as-a-service business model allows the company to focus on channel partners rather than providing services to end users.
The recent funding provided by Peak’s current investment group, Meritage Funds and Sweetwater Capital, may allow the company to add five to 10 more to its staff of 53.
By the end of the year, the company may hire another 30 to 40 employees as it continues to grow.
“In 2014 we want to just continue our regional expansion into those larger markets. That allows us to capture the ecosystem of partners and customers in those larger regions,” Norris said.
Peak will have to maneuver through the large amount of consolidation taking place in the technology space.
“Making sure we partner wisely will be very important to us,” Norris said.
Have an announcement to make or recommendation for a future story? Email [email protected]