nScaled Closes $7M Round

nScaled, provider of cloud-based “recovery-as-a-service” technology, has raised $7 million in new capital from Almaz Capital, Doughty Hanson Technology Ventures and unnamed angel investors. The money will be used for expansion, and sales and marketing. nScaled is based in San Francsico.


nScaled, a pioneering provider of cloud-based Recovery-as-a-Service

(RaaS) solutions, today announced that it has completed a Series A round

of financing, securing $7 million in investments from Almaz Capital and

Doughty Hanson Technology Ventures, as well as leading Silicon Valley

angel investors. The investment will be used to fund nScaled’s growth,

including expansion of its global network of data centers and new

software development, as well as sales and marketing efforts.


Peter Loukianoff, co-founder and managing partner of Almaz Capital, said,

“In nScaled, we found a company that is in prime position to command a

dominant role in the emerging market of cloud-based disaster recovery.

nScaled’s technology platform will enable the company to broaden its

service offerings in the future and allow customers to take full

advantage of the cloud and its enormous economic and operational

benefits. Cloud-computing is forcing dramatic structural changes in the

way software applications are consumed by companies of all sizes and

nScaled is well-positioned to capitalize on this tectonic market shift.”


“We invested in nScaled because we believe there is a gap in the market

for technology that simplifies and reduces the cost of providing disaster

recovery,” added George Powlick, managing director at Doughty Hanson

Technology Ventures. “nScaled’s early success and the market’s acceptance

of Cloud-based recovery services make us confident that nScaled will

become a leader in the market.”


“2011 was a stellar year for nScaled. We tripled the size of our business

by virtually all measures and we have similarly aggressive growth plans

for 2012,” said Mark Hadfield, CEO of nScaled. “This funding will help us

achieve that growth and position us as one of the dominant players in



As part of its growth strategy, nScaled recently announced the

availability of free accounts designed to provide prospective customers

with a fast and easy way to discover Cloud-based disaster recovery,

backup and archiving capabilities for their VMware data centers.


About Almaz Capital

Almaz Capital is one of the leading venture capital

firms serving entrepreneurs and companies with ties to Russia and the

Commonwealth of Independent States (CIS). Investors and strategic

partners of the firm include industry leaders, such as Cisco, the

European Bank for Reconstruction and Development (the “EBRD”), and UFG

Asset Management. Almaz Capital primarily targets early and expansion

stage investments in high growth sectors, including Technology, Digital

Media, and Communications. In addition to extensive experience in Russia

and the CIS, the firm’s network in Silicon Valley offers portfolio

companies an effective local investment partner with global reach. For

more information please go to http://www.almazcapital.com/


About Doughty Hanson Technology Ventures

Doughty Hanson Technology

Ventures invests in exceptional entrepreneurs and management teams that

have the passion, commitment and vision to conceive great ideas and build

global businesses. Their investment strategy targets companies that

develop sophisticated and proprietary technologies and focuses on three

industry sectors: internet software, mobile communications and clean

energy technology. For more information please go to



About nScaled Inc.

nScaled provides Recovery-as-a-Service (RaaS) to

mid-size companies worldwide. They provide an all-in-one solution for

disaster recovery, business continuity, backup and archiving to customers

with zero tolerance for data loss or downtime. nScaled’s customers are

banks, law firms, hospitals, manufacturers, retailers, universities —

any organization that needs to be ready for the inevitable problems that

lead to data or server loss. All services are based on a global network

of remote cloud data centers plus on-premises local cloud appliance, all

managed as one secure, seamless infrastructure. The company is

headquartered in San Francisco, with offices in London.