Enterprise Cloud Platform Provider Sets Sights on Expanding its Innovative Cloud Service Offering and Worldwide Growth
Tier 3, Inc., the enterprise cloud platform company, today announced $10 million in Series B financing led by Intel Capital, with participation from returning investors Ignition Capital and Madrona Venture Group. This latest investment brings Tier 3’s total financing to $18.5 million.
Since its founding in 2006, Tier 3 has focused on delivering enterprise-class cloud infrastructure (IaaS) and platform as a service (PaaS) capabilities to global enterprises. The company is recognized for providing a comprehensive set of enterprise-grade cloud services in a unified platform. Tier 3 recently announced new cloud server group management capabilities to provide customers precise control of their workloads while minimizing server sprawl. This latest round of funding will allow Tier 3 to work with large global partners, such as the newly announced relationship with PEER 1 Hosting, extending its reach internationally, while continuing to build upon its core value proposition of IT operational agility and efficiency through comprehensive cloud services enhanced by orchestration, automation and advanced management capabilities.
“The Tier 3 team has the technical ability and execution focus required to help transform the enterprise cloud market segment,” said Bryan Wolf, managing director at Intel Capital. “Tier 3 will continue to be a key cloud innovator and its focus on global expansion will help to spur worldwide cloud infrastructure adoption. Intel Capital is excited to work with Tier 3 during its next phase of innovation and growth.”
Intel Capital is Intel’s global investment and M&A organization and focuses its investments in innovative technology start-ups and companies worldwide. Its investments include AVG, BrightEdge Technologies Inc., CareCloud and VMware.
“We are pleased to announce this investment from Intel Capital, and we look forward to working with them to leverage their expertise in data center optimization. Additionally, with support from Intel Capital and our existing partners Ignition and Madrona, we will work to strengthen and increase our industry presence, accelerate our innovation and expand our global footprint,” said Jared Wray, founder and CEO at Tier 3.
About Tier 3
Tier 3 unleashes business agility through unique, enterprise-class cloud services and software that puts global companies on the path to IT as a Service. The company’s virtual private cloud services combine both infrastructure (IaaS) and platform as a service (PaaS) in a comprehensive platform. The Tier 3 Cloud increases IT operational efficiency and flexibility through advanced cloud orchestration and management capabilities. Global enterprises and service providers find the Tier 3 Cloud ideal for their entire business application portfolios, from development to production environments and business-critical applications. The Company is based in Bellevue, WA, with regional presence in multiple locations in North America and Europe. www.tier3.com