Lume, a cloud and data center service provider, secured $4.3 million in a funding round led by BaseCamp Capital, a Colorado-based private equity group.
In addition to BaseCamp, several top executives and industry leaders also contributed to the round, including John Schanz (former EVP and Chief Network Officer at Comcast), Joe Wetzel (former Earthlink President and COO), Mark Mendes (a former senior executive at Cisco/BroadSoft), and Octavio Morales (founder of TierPoint).
As part of the investment, Octavio Morales has joined the company’s Board of Directors.
The latest round of funding will allow the company to expand its Cloud Anyware solution suite, which allows customers to mix and match public and private cloud services for each application and choose the edge data center location where the environment is deployed and managed.
Lume provides Private Cloud, Data Center, and Hybrid Infrastructure Solutions. The company is focused on assisting businesses better define what “cloud” means for them and helping them navigate what is often a complex process with its unique Cloud Fit model – a set of evaluation criteria and tools used to help customers understand their requirements and choose the right cloud solution for their business.
“Companies are looking to the cloud to unburden their organization of capital expense, ease complex IT infrastructure management, and ultimately help them be more flexible to focus on their core business,” said Lume CEO Kyle Verzello.
“We help companies consider all infrastructure options available to them and work with them to optimize the right solution for cost, performance, and security. This financial partnership with BaseCamp, along with Octavio’s added expertise on the Board, will help us fulfill our vision for delivering edge cloud solutions and execute our growth strategy much faster,” added Verzello.