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Tier 3
Iaas-based platform and advanced cloud management company providing enterprise-class cloud software and services
About Tier 3
Tier 3, founded in 2006 by Jared Wray, established itself as a provider of public cloud services, carving out a niche in the enterprise cloud hosting solutions market. The Bellevue, Washington-based startup developed a comprehensive cloud management platform aimed at mid-tier to large enterprises and SaaS providers. Wray, a serial entrepreneur, served as the company's founder and Chief Technology Officer, leading its vision for cloud services designed to simplify processes for enterprise developers and IT departments.
The company's core offering was an Infrastructure-as-a-Service (IaaS) platform that provided virtual private compute, storage, and network products. Tier 3's platform was recognized for its automation and self-service interface, which allowed administrators to create and manage public cloud environments efficiently. This was complemented by a web services API and a Cloud Foundry-based Platform-as-a-Service (PaaS), offering a complete toolkit for enterprise application development. The firm operated across nine data centers located in the United States, Canada, the United Kingdom, and Europe, targeting complex enterprise workloads while maintaining a user-friendly approach for businesses of all sizes.
A significant milestone in the company's history was its acquisition by CenturyLink in November 2013 for an undisclosed amount. Before the acquisition, Tier 3 had successfully raised $18.5 million in funding from notable investors including Ignition Partners, Madrona Venture Group, and Intel Capital. The acquisition marked a strategic move for CenturyLink to bolster its cloud services portfolio. Tier 3's platform and vision became the foundation of the newly formed CenturyLink Cloud, and its team formed the core of the new Seattle-based CenturyLink Cloud Development Center. Following the acquisition, Jared Wray transitioned to the role of Chief Technology Officer for the CenturyLink Cloud organization.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Nov 2013 | $200M | $200M | CenturyLink | — |
| SERIES B✓Equity / VC | Oct 2012 | $10M | $40M | Madrona Venture Group · Ignition Capital · Intel Capital | — |
Growth signals
Latest recorded traffic for Tier 3 is 240 monthly website visits, up 118.2% over the last three months. Tier 3's team grew 0% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A4 investors entered at this stage
Ignition Partners
Madrona Venture Group
Intel Capital
Ignition Capital
Other known investors1 additional known investor
CenturyLink
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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