Peak raises $9M in new investment, collects total of $16M since December

By: InnovatioNews Wednesday November 12, 2014 0 comments Tags: Ares Capital, David Solomon, Denver, Luke Norris, Meritage Funds, Peak, Sweetwater Capital

 

DENVER - Peak, an enterprise-class IaaS Cloud provider for channel partners, today announced it has raised $16 million in capital since December 2013.

Peak's most recent $9 million round comes from current investing partners Meritage Funds and Sweetwater Capital and new investor Ares Capital, the company said.

The funding will be used to support accelerating demand for its cloud computing platform and to fuel ongoing innovation, Peak said.

The $16 million represents a combination of both debt and equity.

"Peak dominates a unique niche in the cloud infrastructure industry. They are the only provider that distributes cloud services exclusively through channel partners," said David Solomon, Meritage managing director.

"Because of their unwavering focus, Peak has solidified a strong customer base and a high-performing solution for the global market."

Peak's November funding helps support key partnerships, including a recently announced agreement with Telx, a provider of global interconnectivity and data center solutions.

"With the additional funding, Peak is able to expand into additional markets, serve a larger client base and expand product development," said Luke Norris, Peak founder and CEO.
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