Madrona and Ignition Invest $8.5M in Seattle Cloud-Computing Provider Tier 3
Curt Woodward3/9/11Follow @curtwoodward
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.
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