Faction

About

Faction develops an Infrastructure-as-a-Service (IaaS) software designed to offer cloud services.

Denver,Colorado,United States
101 - 250
https://www.factioninc.com/

Highlights

Details

Last Funding Type: Series B
Last Funding Money Raised: $18M
Industries: IaaS,Information Services,Information Technology,Software
Founded date: Jan 1, 2006
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: Faction Inc.
Also Known As: Peak

Faction (formerly Peak), started in 2006 as an inspired, Cloud IAAS collective, populated by some of the most award-winning IT engineers and thought leaders in the cloud computing industry.

Determined to revolutionize a smarter, uncompromised way for IT pros to reliably work in the cloud, Faction is gaining rapid momentum and attracting impressive numbers of progressive, forward-thinking customers and channel partners nationwide – all undeterred in their shared pursuit of extreme performance, deep control and broad customization.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

7

$62M

Faction has raised a total of $62M in funding over 2 rounds. Their latest funding was raised on Apr 3, 2019 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Apr 3, 2019	Series B	$14M	6	Dell Technologies Capital	—	Detail
Mar 15, 2018	Series B	$18M	5	RC Capital	—	Detail
Jan 25, 2018	Series B	$5M	4	—	—	Detail
Jan 25, 2017	Debt Financing	$6M	1	Ares Capital Corporation	—	Detail
Dec 15, 2015	Series A	$6M	3	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

3

9

Faction is funded by 9 investors. Dell Technologies Capital and Ares Capital Corporation are the most recent investors.

Investor Name	Lead Investor	Funding Round
Dell Technologies Capital	Yes	Series B
Ares Capital Corporation	Yes	Debt Financing
Charterhouse Strategic Partners	—	Series B
Meritage Funds	—	Series B
ORIX Growth Capital	—	Series B
RC Capital	—	Series B
Sweetwater Capital Partners	—	Series B
Sweetwater Capital	—	Series B
Rifkin-Pottle Group	—	Series B