Peak Raises $9M For IaaS Cloud Offering Delivered By Means Of Channel Partners And Resellers

On November 12, Denver-based IaaS provider Peak announced the finalization of $9M in funding from existing investors Meritage Funds and Streetwater Capital and new investor Ares Capital. The funding will be used to support exploding demand for Peak’s IaaS offering as delivered by means of channel partners that include service providers and other distributors that white-label and resell Peak’s IaaS platform. Peak’s channel-based business model for IaaS delivery represents a key differentiator in a landscape dominated by vendors that sell IaaS products and services directly to customers. The recent capital raise enables Peak to continue to service its ecosystem of channel partners and cement its relationship with its recently announced partner Telx, the data center, colocation and interconnection vendor. The $9M capital raise brings the total capital raised by Peak to $16M in equity and debt financing. Peak’s continued growth and recent funding raise attests to the vibrancy of the U.S.-based market for white-labeled IaaS products and services that do not originate from brand name IaaS vendors such as Amazon Web Services, Microsoft Azure, Google Cloud Platform, IBM or the cottage industry of OpenStack vendors.

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