nScaled, a provider of cloud-based Recovery-as-a-Service (RaaS) solutions, announced yesterday that it has completed a Series A round of financing, securing $7 million from Almaz Capital, one of the best established Russian venture funds, and Doughty Hanson Technology Ventures, an international investment company, as well as from leading Silicon Valley angel investors.
The investment will be used to fund nScaled’s growth, including expansion of its global network of data centers and new software development, as well as sales and marketing efforts.
“2011 was a stellar year for nScaled. We tripled the size of our business by virtually all measures and we have similarly aggressive growth plans for 2012,” said Mark Hadfield, CEO of nScaled. “This funding will help us achieve that growth and position us as one of the dominant players in Recovery-as-a-service.”
nScaled is headquartered in San Francisco, but has its offices in London and its development team in Vladivostok, in the Russian far East.
Source: nScaled, Almaz Capital
