Seattle-based Tier 3, a cloud-computing service for businesses, said Wednesday that it has raised $8.5 million from Ignition Capital and Madrona Venture Group.
This is the company’s first publicly announced round of financing. Tier 3 was founded in 2006 and counts Microsoft among its nearly 100 clients. In a release, Tier 3 said it plans to use the money to move more quickly into new markets.
Tier 3’s chief executive is Adam Wray, a veteran of Limelight Networks, PeerApp, and Amazon.
The company presently runs its “core operations” out of server farms in Seattle and Salt Lake City, with plans to expand to four more facilities, according to the company’s website.
Author: Curt Woodward
Curt covered technology and innovation in the Boston area for Xconomy. He previously worked in Xconomy’s Seattle bureau and continued some coverage of Seattle-area tech companies, including Amazon and Microsoft.
Curt joined Xconomy in February 2011 after nearly nine years with The Associated Press, the world's largest news organization. He worked in three states and covered a wide variety of beats for the AP, including business, law, politics, government, and general mayhem.
A native Washingtonian, Curt earned a bachelor's degree in journalism from Western Washington University in Bellingham, WA. As a past president of the state's Capitol Correspondents Association, he led efforts to expand statehouse press credentialing to online news outlets for the first time.
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