• Scale Computing

  Participated · Series D · Oct 2012

  Scale Computing builds hyperconverged infrastructure and edge computing products that virtualize customers’ infrastructure by combining servers, storage, a hypervisor, and backup/data recovery into a single system. Its self-healing platform centralizes management of remote sites via a console that surfaces device health, flags issues, and logs events to simplify operations for distributed IT teams. The company positions its software to replace traditional silos of virtualization, disaster recovery, servers, and shared storage, promising higher resiliency and uptime even with limited local IT staff. Scale claims more than 6,000 customers across North America, Europe, the Middle East, and the Asia‑Pacific region and employs roughly 160 people; revenue figures were not disclosed. Founded in 2007 by Jeff Ready, Jason Collier, and Scott Loughmiller, Scale plans to use new funding to expand its leadership in edge computing through investments in people and R&D and to restructure debt. Management emphasizes cost savings and improved IT confidence for customers as core benefits driving demand. Scale Computing’s core product is the HC3 Edge platform, a hyperconverged, self-healing system built on patented HyperCore™ technology that identifies, mitigates, and corrects hardware and software issues in real time. The HC3 software replaces traditional virtualization, backup, DR, servers, and shared storage to run mission-critical applications in distributed enterprise, retail, and SMB environments with limited onsite IT staff. Scale positions the platform as “set-it-and-forget-it,” reducing local infrastructure management and eliminating the need for multiple third-party products. Recent customer wins cited in the company release include Ahold Delhaize, Genting Group, Jerry’s Enterprises, and Farm Bureau Insurance. Scale reported revenue has more than doubled over the past two years, with retail-sector sales up 4x. The company is pursuing global expansion through a recently announced partnership with Lenovo to reach retailers, distributed enterprises, and SMBs worldwide. Scale Computing delivers hyper-converged appliances that combine storage, servers, and virtualization software in a single, appliance-based system managed as one server. The company’s architecture requires no separate virtualization software licenses and no external storage purchases. Led by CEO Jeff Ready and based in Indianapolis, the company serves over 1,100 customers across healthcare, education, manufacturing, financial services, and government verticals. Scale is expanding its distribution network through partners such as CDW and Dell. The product positioning emphasizes simplicity and reduced component licensing for customers. The company intends to use new capital to develop and launch additional products for global customers. Scale Computing, founded in 2009 and based in Indianapolis, builds the HC3 hyperconverged platform that integrates servers, storage, virtualization and management into a single automated system. The company focuses on the middle-market data storage segment and is described as a pioneer in hyperconvergence. Scale intends to use the newly raised funds to build out sales and marketing and to extend research and development. The announced funding round’s size and instrument were not disclosed; backers included First Analysis, the Indiana University Foundation and prior investors. Scale has previously raised more than $50m from outside investors. The company is led by CEO Jeff Ready, and Craig Nankervis of First Analysis joined the board in conjunction with the financing. Scale Computing builds HC3, a datacenter-in-a-box appliance that combines servers, storage, and virtualization in a single integrated, scalable system. The company emphasizes eliminating ongoing hypervisor licensing fees, leveraging open-source technologies, and simplifying support to reduce cost and complexity versus competitors such as EMC and VMware. HC3 launched in late August and rapidly gained traction, accounting for half of Scale’s Q3 sales and approaching 100 deployments. Scale plans to use new funding to accelerate HC3 growth, continue product development, and launch a partner program later this year. Management sees a large midmarket opportunity, citing over one million U.S. companies that could virtualize for the first time.

• Juventas Therapeutics

  Participated · Series B · Jul 2012

  Juventas Therapeutics is focused on developing non-viral gene therapies for advanced cardiovascular diseases, with its lead candidate JVS-100 undergoing evaluation in clinical studies. JVS-100 is being developed under an exclusive license from the Cleveland Clinic. The company was founded in 2007 and is based in Cleveland, Ohio, and is led by president and CEO Rahul Aras, Ph.D. Juventas recently expanded its Board of Directors with the addition of James Boland. Financially, the company secured a financing package comprising equity and debt to support its clinical-stage programs. The financing details indicate a mix of Series B-2 equity and debt with milestone-linked additional capital available. Juventas Therapeutics, founded in 2007 and led by President & CEO Rahul Aras, Ph.D., is a Cleveland, OH-based clinical-stage regenerative medicine company advancing JVS-100, its lead product encoding Stromal cell‑Derived Factor 1 (SDF‑1). JVS-100 has been shown to repair damaged tissue by recruiting circulating stem cells to sites of injury, preventing ongoing cell death, and restoring blood flow. The company closed a $22.2M Series B financing and intends to use the funds to complete ongoing Phase II clinical trials. The Phase II trials are investigating JVS-100 in patients with chronic heart failure and critical limb ischemia, and both trials are actively enrolling. The financing supports continued clinical development of the therapy and associated programs.

• Manta

  Participated · Equity · Apr 2012

  Manta operates an online community/social network focused on small businesses, enabling owners to create, manage and share business profiles, promote products and services, and engage with other merchants. The service targets businesses with under $5,000 in marketing spend and aims to help them gain an online presence and increase sales. Manta reports 3,000 business owners joining per day (up from 1,000 last year), has 2 million members, and sees 28 million unique visitors per month. The company says it is profitable. Manta positions itself against offerings from MerchantCircle and competition from Google Places and Facebook pages, arguing its small-business focus better serves merchants’ needs. CEO Pamela Springer leads the company as it continues to scale its user growth and visibility.

• Packetmotion

  Led · Series C · Dec 2010

  PacketMotion is a Sunnyvale, California-based provider of User Activity Management (UAM) solutions. Its core products, PacketSentry™ Manager and Probe, help mid- to large-sized enterprises meet compliance and audit requirements (PCI DSS, SOX, HIPAA) and provide security functionality such as the ability to immediately stop user behavior that violates internal policies. The company intends to use new capital to continue expanding its marketing and sales force and distribution channels for those products. PacketMotion closed an additional $2.7m in its Series C, bringing the total raised in this third round to $8.4m. The Series C was led by Reservoir Venture Partners with participation from existing investors. The company operates a development centre in Bangalore, India. PacketMotion is a San Jose, California developer of User Activity Management focused on IT audit and compliance efficiency. Its product suite includes PacketSentry Manager and PacketSentry Probe, which the company says are in strong demand. PacketMotion announced a $5M Series C and plans to use the proceeds to expand its sales force and bolster marketing. CEO Paul Smith commented that this should be the company's last financing round as it moves toward expected profitability in 2010. The announcement was made on October 26, 2009.

No current team members are available.