Cloud vendor RackWare, with area presence, gets more funding from investors including Osage Venture Partners
Tom Paine
Follow @phillytechnews
Subscribe in a readerSubscribe to Philadelphia Tech News by Email
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."
