Low-Profile SingleHop Gets $27.5 Million in Funding

SingleHop, an IaaS and cloud computing concern started in 2006, has gotten its first institutional financing, a $27.5 million round led by Battery Ventures. American Chartered Bank also participated in the round.
Battery’s general partner Dave Tabors along with Morad Elhafed will be joining the SingleHop board.
CEO Zak Boca claims SingleHop’s “business is unique in the hosting industry because all of our services are provided through our proprietary and fully automated platform. This gives us great operational advantages, and with the growing demand for hybrid solutions, it also positions us very well to offer a unified experience to our clients.”

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