Boston-Based ClearSky Data Raises $20 Million To Accelerate Customer Deployments And Sales

By Dan Anderson ● November 29, 2018

ClearSky Data, a Boston-based company that delivers on-demand primary storage with offsite backup and disaster recovery (DR) as a single service, has raised $20 million in funding. Enterprises simply have to pay for their data once and then they can gain access to it anywhere it is needed: on-premises or in the cloud. Pear Tree Partners, L.P. is a new investor that participated in this round. And existing investors General Catalyst, Highland Capital Partners and Polaris Partners also participated in this round.

With this round of funding, ClearSky plans to use the funds to accelerate customer deployments, sales, and go-to-market activities. ClearSky has now raised $59 million in total funding to date.

“We founded ClearSky with a vision to simplify complex storage architectures that were failing to meet the needs of enterprise IT,” said ClearSky Data co-founder and CEO Ellen Rubin. “We have exceeded customer expectations in our service delivery and, as a result, they continue to grow with us to address more workloads, manage more data and deploy across more locations. With this new round of financing, our partnership with Equinix and the expansion of our executive team, ClearSky is even better positioned to fully address the data storage and management needs of our customers.”

ClearSky has more than doubled its year-to-date revenue over the last fiscal year. And the company has been rapidly growing its customer base to include cloud-forward companies such as Partners HealthCare, Massachusetts General Hospital, Nuance Communications, and Unitas Global. And company also expanded its US footprint by partnering with Equinix.

The company’s patented edge-based service is able to automatically optimize data across its lifecycle and it gives enterprises limitless data access from multiple locations.

ClearSky also recently expanded its leadership team by hiring Roger Cummings as chief revenue officer. Cummings was previously VP of managed service provider sales and global strategy for SevOne.

“ClearSky’s recent growth illustrates how ready enterprises are for solutions to the data access and management challenges of today’s hybrid cloud world. Enterprises want to be able to run their apps anywhere ― on-premises, in the cloud or at the edge ― and still access their data rapidly and on-demand,” added Polaris Partners and ClearSky board member Dave Barrett. “ClearSky provides a next-generation, cost-effective hybrid data management solution that’s simple to manage, and the market has taken notice.”