Deals

Fast-growing cloud infrastructure startup SingleHop grabs $27.5M from Battery

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Image Credit: http://www.shutterstock.com/pic-72710371/stock-photo-computer-keyboard-for-cloud-computing.html

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Infrastructure-as-a-service startup SingleHop has raised $27.5 million in its first round of funding, cash that will help it quickly accelerate growth, the company announced today.

SingleHop has been slowly making a name for itself in the cloud computing and cloud infrastructure arena. The company’s proprietary management platform, called LEAP, makes it possible for clients to deploy and manage their web infrastructure from a unified platform. Its traction has been so good that it was named No. 25 on the Inc. 500 list for fastest growing companies in the U.S., leaping up from the No. 58 spot a year prior.

The firm’s relatively large first round came from Boston-based Battery Ventures. Battery General Partners Dave Tabors and Morad Elhafed will join SingleHop’s board of directors.

“SingleHop is well positioned given the rise in cloud computing and demand for outsourced IT services. With its automated technology platform, the company has carved out a unique position in the market,” said Tabors, in a statement. “Customers are happy and sticking around, and that’s a direct result of the company’s business model, coupled with superior technology and a smart leadership team. We’re really looking forward to helping this company scale.”

Chicago-based SingleHop was founded in 2006, has 80 employees, and has clients in 114 countries. The company has two data centers in the Chicago-area and more than 10,000 servers online. Next on its to-do list is to open a data center facility in Phoenix.

You can watch SingleHop’s video describing the LEAP3 cloud infrastructure solution below:

Photo credit: Alexander Kirch/Shutterstock