IBJNews

Scale Computing in midst of $7.5M private offering

Back to TopCommentsE-mailPrintBookmark and Share

Scale Computing Inc. intends to raise at least $7.5 million in private investment and is more than halfway to its goal, according to a filing with the U.S. Securities and Exchange Commission.

Scale had already raised $4.74 million when it disclosed its private offering on March 26.

The Indianapolis data-storage company, which is emerging as a top player in the city’s tech sector, raised at least $43 million in venture capital from 2009 to 2012, according to CrunchBase. That put the firm behind only ExactTarget ($214.9 million) and Angie’s List ($53.6 million) in the state of Indiana, according to IBJ data.

The firm was founded in 2007.

Founder and CEO Jeff Ready on Monday declined to discuss the latest fundraising round until it was finished.

Ready moved to Indiana and started Scale after a tenure in Silicon Valley that included starting and selling two other businesses.

Scale's “data center in a box” targets small and midsize businesses by combining technology infrastructure into a single device. The device—about the size of a piece of checked luggage—handles a company’s network needs for a single, upfront payment that starts at $25,500.

Stephen Hourigan, CEO of Scale investor Elevate Ventures, told IBJ last year that the company has “disrupted” major competitors, such as cloud network provider Amazon Web Services Inc.

Scale is able to keep its prices lower than its larger competitors that run cloud data centers, which typically charge monthly subscriptions. For a midsize business, that can run thousands of dollars each month.

Forbes reported the company had $5 million in revenue in 2010, when the magazine in 2011 deemed Scale one of the nation’s “Most Promising Companies.” Announcements since then have routinely referred to “record” quarterly results, but the company declines to release actual numbers.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

  2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

  3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

  4. Exciting times in Carmel.

  5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

ADVERTISEMENT