Edge computing is gaining popularity as businesses handle more data at the network's edge. According to a 2021 poll (conducted by an edge computing services vendor), 77 percent of enterprises anticipate increased expenditure on edge initiatives in 2022. However, while some firms stand to gain from edge computing, which is the technique of storing and processing data close to the end user, not all understand what it entails. Managing a fleet of edge devices across several locations can be difficult for IT teams lacking the requisite infrastructure.
Through storage design and disaster recovery solutions, Jeff Ready claims that his business, Scale Computing, can assist organisations who are unsure where to begin with edge computing. Ready, who owns a beer brewing firm in Indianapolis, co-founded Scale Computing with Jason Collier and Scott Loughmiller in 2007.
Loughmiller and Collier both worked at Tumbleweed Communications, where they created a messaging and file transfer platform for corporate and government clients. Prior to Scale, Ready, Loughmiller, and Collier co-founded Corvigo, which provided an email spam-filtering application.
Scale began by providing servers bundled with bespoke storage software to small and medium-sized organisations. However, the firm eventually shifted its focus to "hyperconverged" infrastructure and edge computing technologies, which virtualize clients' infrastructure by integrating servers, storage, a virtual machine monitor known as a hypervisor, as well as backup and data recovery, into a single system.
"Scale Computing engineered an IT infrastructure platform that... replaces traditional IT silos of virtualization software, disaster recovery software, servers, and shared storage with a fully integrated, highly available platform for running applications," Ready said in an email interview with TechCrunch. "The self-healing platform detects, mitigates, and corrects infrastructure faults in real time, allowing applications to achieve optimum uptime even when local IT resources and employees are short."
Those are ambitious goals. However, Scale just secured $55 million in additional capital led by Morgan Stanley Expansion Capital, increasing the company's total raised to $202 million.
In a statement, Pete D. Chung, managing director and head of Morgan Stanley Expansion Capital, said, "The technological advantage of Scale Computing's edge computing platform tackles chronic client problems through better reliability, manageability, and efficacy of their IT infrastructures." "Our investigation revealed that Scale Computing's clients benefit from material cost reductions as well as enhanced trust in their IT infrastructure."
Scale's platform enables businesses to operate apps near to their consumers, at the edge, while centralising administration of remote sites like branch offices under a single dashboard. The company's device management application allows users to see a fleet of devices from a dashboard and optionally verify their health, automatically identifying and reporting abnormalities so that IT personnel may make a diagnosis.
"Companies across all industries are keen to simplify their IT infrastructure, boost business resilience, and reduce operating expenses." "The epidemic has also demonstrated the value of having edge computing capabilities outside of a huge centralised data centre," Ready explained. "Scale's software replaces traditional IT silos of virtualization software, disaster recovery software, servers, and shared storage with a fully-integrated, highly-available platform for executing applications."
Although Ready's language is exaggerated, there has been an increase in demand for edge computing management software. According to Grand View Research, the worldwide edge computing industry might grow from $7.43 billion in 2021 to $155.90 billion in 2030.
Ready refused to provide revenue and, apparently hedging in light of the economic downturn, declined to say whether Scale planned to increase its 160-person employment by the end of the year. However, he stated that the firm now has over 6,000 clients in North America, Europe, the Middle East, and Asia-Pacific.
Customers allegedly included Jerry's Enterprises, a grocery store franchise, and Genting Group, a casino operator.
"Despite — or perhaps because of — the pandemic's uncertainty, Scale Computing has witnessed extraordinary demand for its edge computing, virtualization, and hyperconverged solutions," Ready wrote in a follow-up email. "The additional funds will be used to strengthen our leadership position in edge computing, including investments in personnel, R&D, and debt restructuring."
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