ClearSky Data raises $27 million in Series B funding

By | November 2, 2015

ClearSky Data has announced it raising $27 million in Series B round of funding led by Polaris Partners along with other participants that includes a strategic investment from Akamai and previous investors General Catalyst and Highland Capital Partners.


Founded in 2013 and based in Boston, the startup ClearSky Data has launched global storage network with the aim to considerable ease the process the companies takes to manage their data while also cutting costs. What Akamai did with the Web content, Clear Sky is looking at keeping data storage geographically close to users in part to reduce latency. It offers its services at Boston, Philadelphia and Las Vegas and plan to open up operation in various other places. Till date, the startup has raised $39 million in total.

With the fresh funds, ClearSky Data is “moving full speed ahead to add points of presence and new metro locations to the storage networks,’said Ellen Rubin CEO of the company. It is also planning to hire more people to its sales and marketing, operations and support people as it expands the service to new geographies with help from partner Digital Realty and Akamai Technologies, who has now become an investor. It is also working to expand its data center capacity in Europe.

Sounding pretty pumped, managing director of Polaris Dave Barrett said, ” “We’ve entered the next generation of the enterprise and ClearSky has a great opportunity to build the next major infrastructure company.”

Andy Champagne, vice president and CTO of Akamai labs said, “the way for enterprises to move their data to the cloud—with the security, performance, and availability they need to succeed. We’ll definitely be working closely with him, thinking through where we might want to go, and things we want to do together from a product direction.”

The 40-member team at ClearSky is led by Rubin and CEO and Laz Vekiarides as CTO, both veterans of past Boston storage technology winners.  Further to the funding round, Barett would be joining the board of directors at ClearSky board and Champagne will join as a board observer.