Tier 3 Adds $10M, Led by Intel Capital, to Expand Cloud Services

Cloud-computing service provider Tier 3 has raised another $10 million to expand its IT products for big businesses.

The new money first showed up in a filing with the SEC. A company spokeswoman says new investor Intel Capital led the Series B round, which also included investments from existing backers Madrona Venture Group and Ignition Capital. The new cash brings the total venture investment in Tier 3 to $18.5 million.

Tier 3 provides a range of networked IT services, including hosting, virtual private cloud computing, and on-demand cloud resources for applications.

The Bellevue, WA-based company, which has roughly 50 employees, is led by CEO Adam Wray, a veteran of Limelight Networks, Amazon, and Akamai. The company was founded in 2006 by technical chief Jared Wray (no relation to the CEO).

The company expects to use the new investment cash to grow and extend its products and services. Tier 3 recently announced a partnership with PEER 1, a leading hosting company, to expand offerings in the UK.

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.