PE Hub, 11/2/15
Boston-based ClearSky Data, a storage network provider, has secured $27 million in Series B funding. Polaris Partners led the round with participation from investors that included Akamai Technologies, General Catalyst and Highland Capital Partners. In conjunction with the funding, Dave Barrett, managing partner of Polaris Partners, has been added to ClearSky’s board of directors while Akamai’s Andy Champagne will become a board observer.
BOSTON–(BUSINESS WIRE)–ClearSky Data, provider of a global storage network that manages the entire enterprise data lifecycle, today announced it has raised $27 million in a Series B investment round led by Polaris Partners, with a strategic investment from Akamai Technologies. Previous investors General Catalyst and Highland Capital Partners also participated in the funding, which ClearSky will use to grow its sales, marketing and operations organizations, and add new points of presence (PoPs) in major metro areas. The round brings total investment in the company to $39 million.
The investment in ClearSky comes as the company breaks new ground with its managed service delivery model for enterprise storage, which combines the performance and availability of primary storage with the economics and scalability of the cloud. Polaris Partners recognizes this on-demand model represents the future of enterprise infrastructure and has a track record in building large, successful companies that transform industries. Akamai’s strategic investment in ClearSky reflects its belief in the company’s innovative approach to primary storage, which will help enterprise IT become more agile and take advantage of hybrid cloud adoption.