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Tier 3

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Iaas-based platform and advanced cloud management company providing enterprise-class cloud software and services

Bellevue, United StatesFounded 2006Hosting
Valuation $100–250M Last recorded · 2013
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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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 data

At a glance

Status
Acquired
Founded
2006
Headquarters
Bellevue, United States
Employees
2
Open positions
None listed
Dealroom signal
25.7/100
Industry
Hosting, Enterprise Software
Sector
Hosting, PaaS, Cloud Computing, IaaS, Private Cloud, Platform
Business model
SaaS
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Nov 2013 $200M $200M CenturyLink —
SERIES B✓Equity / VC Oct 2012 $10M $40M Madrona Venture Group · Ignition Capital · Intel Capital —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Tier 3 website traffic

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.

Latest monthly visits240 3-month web change+118.2% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

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Investments and acquisitions

Capital deployed

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

Investors

5 investors on the cap table

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

Series A4 investors entered at this stage

Other known investors1 additional known investor

  • CenturyLink
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
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
1 countries with
team presence
🇵🇦 Panama100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Tier 3 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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