Scale Computing gets $55 million to help companies manage edge infrastructure – TechCrunch

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Edge computing is experiencing an explosion of interest as enterprises process more data at the edge of their networks. According to a 2021 investigation (although from a leading IT service provider), 77% of companies said they expect to see more spending on leading edge projects in 2022. But while some organizations could benefit from the edge computing, which refers to the practice of storing and analyzing data close to the end user, not everyone knows what he needs. Managing a fleet of edge devices across multiple locations can be a burden on IT teams who lack the necessary infrastructure.

Jeff Ready says his company, scale calculation, can help organizations that don’t know where to start with edge computing through storage architecture and disaster recovery technologies. Ready — which, among other ventures, runs a beer brewing business in Indianapolis — co-launched Scale Computing in 2007 with Jason Collier and Scott Loughmiller.

Both Loughmiller and Collier worked at Tumbleweed Communications to develop a messaging and file transfer platform for businesses and governments. Before Scale, Ready, Loughmiller and Collier co-founded Corvigo, which offered a spam filtering tool for email.

At first, the scale focused on selling servers loaded with custom storage software targeting small and medium-sized businesses. But then the company turned to “hyperconverged” infrastructure and edge computing products, which virtualize customers’ infrastructure by combining servers, storage, a virtual machine monitor called a hypervisor, and backup and recovery. data in one system.

“Scale Computing has designed an IT infrastructure platform that…eliminates the need for traditional IT silos of virtualization software, disaster recovery software, servers and shared storage, replacing them with a fully integrated platform and highly available for running applications,” Ready said in a statement. email interview with TechCrunch. “The self-healing platform automatically identifies, mitigates, and fixes infrastructure issues in real time, enabling applications to achieve maximum availability even when local IT resources and personnel are scarce.”

These are great promises. But – giving Scale credibility – the company today raised $55 million in new funds led by Morgan Stanley Expansion Capital, bringing the total raised to $202 million.

“The technological advantage of Scale Computing’s cutting-edge computing platform solves customers’ endemic problems through improved resiliency, manageability and efficiency of their computing infrastructures,” said Pete D. Chung, general manager and head of of Morgan Stanley Expansion Capital, to TechCrunch in a statement. “It is clear from our diligence that Scale Computing customers benefit from material savings as well as increased confidence in their IT infrastructure.”

Scale’s platform enables enterprises to run applications close to where their users are, at the edge, by centralizing the management of remote sites such as branch offices in a single dashboard. The company’s device management tool gives users the ability to view a fleet of devices from one console and optionally check their health, automatically flagging issues and logging them so IT teams can arrive at a diagnosis.

“Companies in all industries are eager to simplify their IT infrastructure, improve resilience and reduce operating costs. The pandemic has also illustrated the importance of having state-of-the-art computing capabilities outside of a large centralized data center,” Ready said. “Scale’s software eliminates the need for traditional IT silos of virtualization software, disaster recovery software, servers and shared storage, replacing them with a fully integrated, highly available platform for running applications. “

Ready’s language may be hyperbolic, but there has certainly been a growth in demand for cutting-edge IT management software. According According to Grand View Research, the global edge computing market – which was estimated at $7.43 billion in 2021 – could grow to $155.90 billion in 2030.

Ready wouldn’t disclose earnings and – perhaps a hedge in light of the economic downturn – hesitated when asked if Scale intended to increase its workforce by 160 people by the end of the year. year. But he said the company currently has more than 6,000 customers in North America, Europe and the Middle East and the Asia-Pacific region.

At some point, these customers would have included the grocery franchise Jerry’s Enterprises and the casino company Genting Group.

“Despite the uncertainty caused by the pandemic – or perhaps because of it – Scale Computing has seen unprecedented demand for its edge computing, virtualization and hyperconvergence solutions,” Ready added in a statement. follow-up email. “We will use the new funds to expand our leadership position in edge computing, including investing in human resources, R&D and debt restructuring.”

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