Cloud vendor RackWare, with area presence, gets more funding from investors including Osage Venture Partners

Tom Paine

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RackWare (not to be confused with the much larger RackSpace), which helps companies manage their data operations and scale them as needed using both public and private clouds, has raised $2.3 million including a return investment from Bala Cynwyd-based Osage Venture Partners, bringing its total funding to date to more than $7 million.

New and expanded partnerships over the past six months with major industry players SoftLayer, CenturyLink, and Peer1 contributed to RackWare’s growth, RackWare said in a statement. The company said its achieved three consecutive quarters of record growth and a 75 percent gain in new customers.

Although last year RackWare, headquartered in Santa Clara, had indicated Wayne (Pa) was a key location for it, chief executive officer and co-founder Sash Sunkara told me by email "we still have an office in the area - Collegeville."

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