Edge computing is seeing explosive interest as businesses process more data at the edge of their network. According to a year 2021 survey (albeit from an edge computing provider), 77% of companies say they expect to see more spending on cutting edge projects in 2022. But while some organizations benefit from edge computing, which refers to the activity of storing and analyzing data near the end user, not all are capable of handling what it requires. Managing a group of edge devices across locations can be a burden for IT teams that lack the necessary infrastructure.
Jeff Ready asserts that his company, Scale calculation, can help businesses who don’t know where to start with edge computing through storage architecture and disaster recovery technologies. Ready — who, among other ventures, runs a brewing company in Indianapolis — co-launched Scale Computing in 2007 with Jason Collier and Scott Loughmiller.
Both Loughmiller and Collier worked at Tumbleweed Communications developing messaging and file transfer platforms for corporate and government customers. Before Scale, Ready, Loughmiller and Collier co-founded Corvigo, a company that provided spam filtering for email.
Initially, Scale focused on selling servers equipped with custom hosting software targeting small and medium businesses. But the company then turned to “hyper-converged” infrastructure and edge computing products, virtualizing customers’ infrastructure by combining servers, storage, virtual machine monitors, and more. called a hypervisor and backup and restore data into a single system.
“Scale Computing has designed an IT infrastructure platform… that removes the need for traditional IT silos of virtualization software, disaster recovery software, servers, and shared memory, replacing them with a fully integrated, highly available platform for running applications,” Ready said in an email interview with TechCrunch. “The self-healing platform automatically identifies, mitigates, and remediates infrastructure failures in real-time, allowing applications to achieve maximum uptime even when resources and employees Local IT is scarce.”
Those are lofty promises. But — lending to Scale’s credit — the company today raised $55 million in new funding led by Morgan Stanley Expansion Capital, bringing Scale’s total raised to $202 million.
Pete D. Chung, managing director and head of Morgan Stanley Expansion Capital, told TechCrunch in a statement: “The technological advantage of Scale Computing’s edge computing platform solves unique customer problems. through improving the resiliency, manageability, and efficiency of their IT infrastructure. “It is clear from our diligence that Scale Computing customers benefit from savings in material costs as well as increased confidence in their IT infrastructure.”
Scale’s platform allows companies to run applications close to their users’ locations at the edge, centrally manage remote sites such as branch offices in a single console. The company’s device management tool gives users the ability to view groups of devices from the dashboard and the option to check their health, automatically flag issues and log them for IT teams diagnosis can be made.
“Businesses across many industries want to simplify their IT infrastructure, improve business resilience, and reduce operational costs. The pandemic has also illustrated the importance of having out-of-the-box computing power outside of a large centralized data center,” said Ready. “Scale’s software eliminates the need for traditional IT silos of virtualization, disaster recovery, servers and shared storage, replacing them with a fully integrated, fully integrated platform. highly available to run applications.”
Ready’s language may be hyperbolic, but certainly the need for edge computing management software is growing. Follow with Grand View Research, the global edge computing market – estimated to be worth $7.43 billion by 2021 – could grow to $155.90 billion by 2030.
Ready won’t disclose revenue and – perhaps hedging against the economic downturn – was confused when asked if Scale plans to expand its workforce of 160 people later this year. But he claims that the company now has more than 6,000 customers across North America, Europe and the Middle East as well as the Asia-Pacific region.
At one point, those customers reported consists of grocery store franchise Jerry’s Enterprises and 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 hyperconverged solutions,” Ready more in a follow-up email. “We will use the new funds to expand our leadership in edge computing, including investing in people, R&D, and debt restructuring.”
