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SngleHop

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Managed Server Hosting Solutions & Services

Chicago, United StatesFounded 2006Hosting
Valuation $100–250M Last recorded · 2018
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for SngleHop and the history behind them.

About SngleHop

SingleHop, established in 2006, operated as a provider of automated Infrastructure-as-a-Service (IaaS) and cloud computing. The company was founded by Zak Boca and Dan Ushman, two entrepreneurs who first met as teenagers in an AOL chat room and had previously launched a shared hosting platform called midPhase in 2003. Recognizing that their midPhase clients were outgrowing shared hosting, they started SingleHop to offer a pathway to dedicated servers. After selling midPhase in 2007, Boca and Ushman focused entirely on developing SingleHop, which saw significant revenue growth, reaching $22 million by 2011. A major milestone was securing a $27.5 million venture funding round from Battery Ventures in 2012. The company's trajectory culminated in its acquisition by Internap Corporation (INAP) for $132 million in cash in February 2018.

SingleHop's business model centered on delivering highly automated, on-demand IT infrastructure. The company served a diverse client base, from small businesses to large enterprises across various industries, including e-commerce, healthcare, and finance. By the time of its acquisition, it served approximately 3,000 customers in 114 countries. Revenue was generated through the sale of dedicated servers, public and private cloud hosting, and managed services. The core of its offering was the LEAP management platform, a proprietary automation engine that allowed clients to manage bare metal servers and cloud products from a single interface without needing direct support. This platform provided features like remote server management and rebooting, which was a key differentiator.

The company's product suite included bare metal dedicated servers, public and private cloud solutions, and managed hosting services. A key feature was the ability to combine the flexibility of cloud computing with the performance of dedicated physical servers. SingleHop operated out of Tier 3 data centers in Chicago, Arizona, and the Netherlands, ensuring redundancy and security. The firm was noted for its customer service, outlining guarantees on service deployment time and support ticket response in a "Customer's Bill of Rights". Following the acquisition by INAP, SingleHop's automated platform was integrated to enhance INAP's capabilities, and its team, including CEO Zak Boca who became INAP's CMO, was absorbed to strengthen INAP's managed hosting division.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2006
Headquarters
Chicago, United States
Employees
35
Open positions
None listed
Dealroom signal
66.9/100
Industry
Hosting
Sector
Hosting, On-Demand, Automated Process, Automated Technology
Client focus
b2b
Investment activity
1 company, latest May 2015
Capital deployed
—
Preferred round
ACQUISITION

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Jan 2018 $132M $132M HorizonIQ —
LATE VCOther financing Dec 2014 $30M $120M Digital Realty —
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

SngleHop website traffic

Latest recorded traffic for SngleHop is 280 monthly website visits, up 40% over the last three months. SngleHop's team declined 22.2% over the past year.

Latest monthly visits280 3-month web change+40% 1-year team growth-22.2%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

Series B and later2 investors entered at this stage

Other known investors1 additional known investor

  • HorizonIQ
Team profiled 16 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇺🇸 United States78.6%
🇺🇦 Ukraine14.3%
🇳🇱 Netherlands7.1%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about SngleHop on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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