• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechPointCloud

ClearSky Data snags $27 million to build its big storage network

Barb Darrow
By
Barb Darrow
Barb Darrow
Down Arrow Button Icon
Barb Darrow
By
Barb Darrow
Barb Darrow
Down Arrow Button Icon
November 2, 2015, 12:34 AM ET
ClearSky founders Lazarus Vekiarides and Ellen Rubin.
ClearSky founders Lazarus Vekiarides and Ellen Rubin.ClearSky

ClearSky Data, which says it’s building an ambitious global storage network for customer data, now has $27 million in Series B funding to fund that effort.

This brings total investment in the Boston-based startup to about $39 million, after a $12 million Series A round in early 2014.

Now, the company is “moving full speed ahead to add points of presence and new metro locations to the storage network,” Ellen Rubin, chief executive officer and co-founder, told Fortune via email. It’s also hiring sales, marketing, operations and support people as it expands the service to new areas with help from partner Digital Realty and Akamai Technologies(AKAM), which is now an investor. The company already has data center capacity in Boston, Philadelphia and Las Vegas with plans to expand into Europe.

As more businesses balk at the notion of building more of their own data centers and instead, at least, consider putting more data into shared cloud computing infrastructure, the issue of location remains key. The farther you are physically from your data stash, the longer it takes to get to you. This is clearly a concern for companies that need data to run their day-to-day businesses. Although, it’s not such big a deal for less critical or “cold” data that isn’t accessed often, if at all.

ClearSky is thus building a “tiered” storage network that places time-sensitive hot data—which might be 10% of a company’s total data trove—close to the customer, and archival or cold data further away. This is roughly analogous to a carpenter keeping his most-used tools in a tool belt with less-used tools on a workbench and other devices left in a storeroom or garage.

The company will use Amazon (AMZN) Web Services S3 storage service for its colder data and add support for other public cloud repositories going forward.

When Rubin spoke to Fortune a few months ago, she said the goal was to put those points of presence, or “PoPs” in tech jargon, within 120 miles of the customer and to offer less than 2 milliseconds of latency from those PopS. Latency refers to the time lag between when information is requested and when it is delivered.

Rubin knows from cloud computing: In a prior life she co-founded CloudSwitch, a respected cloud appliance startup that Verizon (VZ) bought four years ago, and she will be on hand to discuss data security at the Structure Conference next month. Her co-founder and ClearSky chief technology officer Lazarus Vekiarides is a veteran from EqualLogic, a pioneering storage startup that Dell bought for $1.4 billion in 2007.

Polaris Partners led the Series B round which also included a strategic investment from Akamai. Previous backers General Catalyst and Highland Capital Partners also chipped in again.

Follow Barb Darrow on Twitter at @gigabarb. Read her Fortune coverage at fortune.com/barb-darrow or subscribe via her RSS feed.

And please subscribe to Data Sheet, Fortune’s daily newsletter on the business of technology.

About the Author
Barb Darrow
By Barb Darrow
See full bioRight Arrow Button Icon

Latest in Tech

Sarandos
Arts & EntertainmentM&A
It’s a sequel, it’s a remake, it’s a reboot: Lawyers grow wistful for old corporate rumbles as Paramount, Netflix fight for Warner
By Nick LichtenbergDecember 13, 2025
3 hours ago
Oracle chairman of the board and chief technology officer Larry Ellison delivers a keynote address during the 2019 Oracle OpenWorld on September 16, 2019 in San Francisco, California.
AIOracle
Oracle’s collapsing stock shows the AI boom is running into two hard limits: physics and debt markets
By Eva RoytburgDecember 13, 2025
4 hours ago
robots
InnovationRobots
‘The question is really just how long it will take’: Over 2,000 gather at Humanoids Summit to meet the robots who may take their jobs someday
By Matt O'Brien and The Associated PressDecember 12, 2025
17 hours ago
Man about to go into police vehicle
CryptoCryptocurrency
Judge tells notorious crypto scammer ‘you have been bitten by the crypto bug’ in handing down 15 year sentence 
By Carlos GarciaDecember 12, 2025
18 hours ago
three men in suits, one gesturing
AIBrainstorm AI
The fastest athletes in the world can botch a baton pass if trust isn’t there—and the same is true of AI, Blackbaud exec says
By Amanda GerutDecember 12, 2025
19 hours ago
Brainstorm AI panel
AIBrainstorm AI
Creative workers won’t be replaced by AI—but their roles will change to become ‘directors’ managing AI agents, executives say
By Beatrice NolanDecember 12, 2025
19 hours ago

Most Popular

placeholder alt text
Economy
Tariffs are taxes and they were used to finance the federal government until the 1913 income tax. A top economist breaks it down
By Kent JonesDecember 12, 2025
1 day ago
placeholder alt text
Success
Apple cofounder Ronald Wayne sold his 10% stake for $800 in 1976—today it’d be worth up to $400 billion
By Preston ForeDecember 12, 2025
23 hours ago
placeholder alt text
Success
40% of Stanford undergrads receive disability accommodations—but it’s become a college-wide phenomenon as Gen Z try to succeed in the current climate
By Preston ForeDecember 12, 2025
22 hours ago
placeholder alt text
Economy
For the first time since Trump’s tariff rollout, import tax revenue has fallen, threatening his lofty plans to slash the $38 trillion national debt
By Sasha RogelbergDecember 12, 2025
18 hours ago
placeholder alt text
Economy
The Fed just ‘Trump-proofed’ itself with a unanimous move to preempt a potential leadership shake-up
By Jason MaDecember 12, 2025
17 hours ago
placeholder alt text
Success
At 18, doctors gave him three hours to live. He played video games from his hospital bed—and now, he’s built a $10 million-a-year video game studio
By Preston ForeDecember 10, 2025
3 days ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.