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ClearSky Data Raises $20 Million in New Financing, Capping a Year of Rapid Growth

November 13, 2018

BOSTON--(BUSINESS WIRE)--Nov 13, 2018--ClearSky Data, provider of on-demand primary storage with built-in offsite backup and disaster recovery (DR) as a service, today announced it has raised $20 million in new funding. New investors include a market-leading technology provider and Pear Tree Partners, L.P., in addition to participation from existing investors: General Catalyst, Highland Capital Partners and Polaris Partners. The company has raised $59 million to date. ClearSky will use the funds to accelerate customer deployments, sales and go-to-market activities.

ClearSky is experiencing strong business momentum in all areas, already more than doubling year-to-date revenue over its last full fiscal year, and rapidly growing its customer base to include cloud-forward companies like Partners HealthCare, Massachusetts General Hospital, Nuance Communications and Unitas Global. Also announced today, the company is expanding its U.S. footprint in partnership with Equinix, who manages the world’s largest global platform of interconnected data centers and business ecosystems.

“Traditional approaches to enterprise data storage are breaking down in the face of exponential data growth, cloud-first IT strategies and the need for data access across multiple locations,” said George Crump, president of Storage Switzerland. “CIOs are moving toward a hybrid cloud strategy to gain the resilience and durability of the cloud with the performance you can only achieve at the edge. ClearSky’s success shows how eager enterprise IT is to find a better solution for data storage and management.”

ClearSky transforms the way enterprises manage and consume data by replacing capital and time-intensive deployments with a single, durable copy of data that’s available anywhere and is consumed as a service. ClearSky’s patented edge-based service automatically optimizes data across its lifecycle, giving enterprises limitless data access from multiple locations, complete with flash performance, comprehensive protection and management simplicity.

Dave Barrett, managing partner at Polaris Partners and ClearSky board member, said, “ClearSky’s recent growth illustrates how ready enterprises are for solutions to the data access and management challenges of today’s hybrid cloud world. Enterprises want to be able to run their apps anywhere — on-premises, in the cloud or at the edge — and still access their data rapidly and on-demand. ClearSky provides a next-generation, cost-effective hybrid data management solution that’s simple to manage, and the market has taken notice.”

ClearSky has also expanded its leadership team with the appointment of Roger Cummings as chief revenue officer. Previously, Cummings was vice president of managed service provider sales and global strategy for SevOne. He has extensive technology expertise in sales leadership roles, including Storwize (acquired by IBM), Archivas (acquired by Hitachi Data Systems) and AppIQ (acquired by HP). Cummings joins a team of experienced technology executives including: vice president of software engineering Paul Calato (formerly technical director at EqualLogic); vice president of finance Deb Murphy (formerly VP of finance at Netezza) and vice president of marketing Courtney Pallotta (formerly director of marketing at Netezza/IBM).

“We founded ClearSky with a vision to simplify complex storage architectures that were failing to meet the needs of enterprise IT,” said Ellen Rubin, co-founder and CEO of ClearSky Data. “We have exceeded customer expectations in our service delivery and, as a result, they continue to grow with us to address more workloads, manage more data and deploy across more locations. With this new round of financing, our partnership with Equinix and the expansion of our executive team, ClearSky is even better positioned to fully address the data storage and management needs of our customers.”

For more information on the ClearSky Data and Equinix partnership, read today’s press release: “ ClearSky Data to Provide Enterprises with Limitless Data Scalability, Protection and Access Available on Platform Equinix.”

About ClearSky Data ClearSky Data delivers on-demand primary storage with offsite backup and disaster recovery (DR) as a single service. Enterprises pay for their data once and gain access to it anywhere it’s needed – on-premises or in the cloud. IT is empowered to stop doing backup, replication and DR, and to access all data as if it were local, with on-demand scaling and agility. ClearSky delivers data where it’s needed, enterprise-ready and fully optimized to eliminate the cost and data center footprint of traditional storage solutions. For more information, follow ClearSky (@clearskydata) or visit http://www.clearskydata.com/.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181113005420/en/

CONTACT: Metis Communications

Jeff Miller, 541-207-3461

jeff.miller@metiscomm.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE INTERNET NETWORKS SOFTWARE SECURITY

SOURCE: ClearSky Data

Copyright Business Wire 2018.

PUB: 11/13/2018 07:00 AM/DISC: 11/13/2018 07:01 AM

http://www.businesswire.com/news/home/20181113005420/en

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