Lenovo backs Scale Computing in $34.8m funding round

Latest round takes vendor's funding up to $96m

Hyper-converged vendor Scale Computing has raised $34.8m (£27.2m) in Series F funding, with Lenovo the largest investor.

The Lenovo cash injection comes after the pair announced a global partnership last week, which will see them create an edge computing product aimed at firms with highly distributed infrastructures.

Scale CEO Jeff Ready said: "We have experienced tremendous growth over the past two years, driven by our unique capability to completely automate the administration of a fully converged platform.

"This round of funding, combined with our new partnership with Lenovo, enables us to instantly reach customers at a global scale."

Scale claims to have more than doubled its revenue over the past two years, while its revenue in the retail sector has quadrupled.

The Series F round has been split in two, with the first part closing at $21.2m and the second set to close by the end of the year.

Scale has now raised a total of $95.8m, according to Crunchbase.

Also participating in the funding was Allos Ventures, which led the firm's Series A round.

Don Aquilano of Allos Ventures said: "Scale is a company which has exceeded its plans for more than two years.

"We are absolutely thrilled with the company's performance and market leadership as edge computing moves to the forefront of IT. No company is better positioned to take advantage of this global trend."