Edge computing is seeing an explosion of interest as companies process more data at the edge of their networks. According to a 2021 survey (albeit from an edge computing services provider), 77% of companies said they expect more spending on edge projects by 2022. But while some organizations benefit from edge computing, which refers to the practice of storing and analyzing data close to the end user, not all have a grasp of what is needed. Managing a fleet of edge devices in different locations can be a burden for IT teams that lack the necessary infrastructure.
Jeff Ready states that his company, Scale Computing, can help companies that aren’t sure where to start with edge computing through storage architecture and disaster recovery technologies. Ready, which runs a brewery in Indianapolis, among other things, launched Scale Computing in 2007 together with Jason Collier and Scott Loughmiller.
Both Loughmiller and Collier worked at Tumbleweed Communications developing a messaging and file transfer platform for corporate and government customers. Prior to Scale, Ready, Loughmiller, and Collier co-founded Corvigo, which offered an email spam filtering tool.
Initially, Scale focused on selling servers with custom storage software for small and medium-sized businesses. But the company later turned to “hyper-converged” infrastructure and edge computing products, which virtualize customer infrastructure by combining servers, storage, a virtual machine monitor called a hypervisor, and backup and data recovery into one system.
“Scale Computing has developed an IT infrastructure platform that … eliminates the need for traditional IT silos of virtualization software, disaster recovery software, servers and shared storage, replacing them with a fully integrated, highly available platform for running applications.” said Ready in a statement. email interview with BestFitnessBands. “The self-healing platform automatically identifies, mitigates, and corrects infrastructure issues in real time, enabling applications to achieve maximum uptime even when local IT resources and staff are scarce.”
Those are high promises. But — to bolster Scale’s credibility — the company today raised $55 million in new funding led by Morgan Stanley Expansion Capital, bringing Scale’s total to $202 million.
“The technology advantage of Scale Computing’s edge computing platform solves endemic customer problems through improved resiliency, manageability and efficiency of their IT infrastructures,” Pete D. Chung, general manager and head of Morgan Stanley Expansion Capital, told BestFitnessBands in a statement. “Our diligence clearly showed that Scale Computing’s customers benefit from material cost savings and greater confidence in their IT infrastructure.”
Scale’s platform enables businesses to run apps near where their users are, at the edge, centralizing management of remote locations such as branch offices into a single dashboard. The company’s device management tool gives users the ability to view a range of devices from a console and optionally monitor their health, automatically flagging and logging issues for IT teams to diagnose.
“Companies across all industries are eager to simplify their IT infrastructure, improve business resilience and reduce operational costs. The pandemic has also illustrated the importance of edge computing capabilities beyond a large centralized data center,” said Ready. “Scale’s software eliminates the need for traditional IT silos of virtualization software, disaster recovery software, servers and shared storage, replacing them with a fully integrated, highly available platform for running applications.”
Ready’s language may be hyperbolic, but there is certainly a growth in demand for edge computing management software. According to Grand View Research, the global edge computing market, estimated to be worth $7.43 billion in 2021, could grow to $155.90 billion by 2030.
Unwilling to disclose sales, Ready was hesitant—perhaps in light of the economic downturn—when asked if Scale had plans to expand its 160-person workforce by the end of the year. But he claimed the company currently has more than 6,000 customers in North America, Europe and the Middle East, and the Asia-Pacific region.
At one point, those customers reportedly included supermarket franchise Jerry’s Enterprises and casino company Genting Group.
“Despite the uncertainty created by the pandemic – or perhaps because of it – Scale Computing has seen unprecedented demand for its edge computing, virtualization and hyperconverged solutions,” Ready added in a follow-up email. “We will use the new funds to expand our leadership position in edge computing, including investing in people, R&D and debt restructuring.”