SASI advises ClearSky Data on Recent Capital Raise

SASI advised ClearSky Data on strategic partnerships and investment opportunities and engaged with leading technology providers that could leverage ClearSky’s disruptive data management services. Keys to success included understanding and conveying ClearSky’s technology and service models, identifying top candidates and their strategic relevance to ClearSky and driving negotiations and process details to a successful outcome.

ClearSky Data, provider of on-demand primary storage with built-in offsite backup and disaster recovery (DR) raised $20 million in new funding. New investors include a market-leading technology provider and Pear Tree Partners, L.P., in addition to participation from existing investors: General CatalystHighland Capital Partnersand Polaris Partners. The company has raised $59 million to date. ClearSky will use the funds to accelerate customer deployments, sales and go-to-market activities.

ClearSky is experiencing strong business momentum in all areas, already more than doubling year-to-date revenue over its last full fiscal year, and rapidly growing its customer base to include cloud-forward companies like Partners HealthCare, Massachusetts General Hospital, Nuance Communications and Unitas Global. Also announced today, the company is expanding its U.S. footprint in partnership with Equinix, who manages the world’s largest global platform of interconnected data centers and business ecosystems.

ClearSky transforms the way enterprises manage and consume data by replacing capital and time-intensive deployments with a single, durable copy of data that’s available anywhere and is consumed as a service. ClearSky’s patented edge-based service automatically optimizes data across its lifecycle, giving enterprises limitless data access from multiple locations, complete with flash performance, comprehensive protection and management simplicity.