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Unitas Global announced this month that they raised a $5.7 million Series A funding round through MK Capital and Azure Capital. For the past two years, Unitas Global has been working to supply companies with Enterprise Private Cloud (EPC) solutions to support their IT infrastructure.
"We were very fortunate in our funding selection," said CEO Grant Kirkwood, pointing to MK's work with Exodus Communications and Azure working with VMware. "Based on our business success with many Fortune 500 companies, we were able to select from a pool of possible investors. We chose MK and Azure based on their previous work with similar companies in our space and we're happy with our decision."
Kirkwood explained Unitas Global has been a pioneer in the industry and the reason for funding has a lot to do with the clients' needs (or industry needs) starting to catch up with what Unitas Global has created. They also formed two large partnerships recently with Equinix and CDW, which acted as a catalyst for the Series A funding round.
The enterprise-facing industry has blown up lately, especially in Los Angeles. Preact, provider of enterprisee SaaS customer service solutions, was recently nominated as "LA's hottest startup" by the audience at the LA Tech Summit in November. Companies like Los Altos-based Box, provider of enterprise IT solutions for secure content management or San Francisco-based Salesforce, provider of CRM solutions, have also paved the way for startups to creatively provide cloud-based, enterprise solutions for company departments, whether they serve IT, sales, customer service or content management.
Unitas Global's success has been substantial, approximately doubling their business quarter over quarter, year over year to the point where it has become exponential. Their expansion with this funding will focus on business with the East Coast and Europe. With regards to their technology, Unitas Global will be focusing on the ease of product consumption and working through the product lifecycle, focusing on their main control hub for these solutions, aptly named "Mission Control."
They currently have a team of 75 spread across their Los Angeles HQ, Chicago, London, Brussels and Hong Kong offices, the latter which is expected to grow to 150 people by the end of the year. Given their success rate and the fact that they were recently named one of the best places to work in LA by the Los Angeles Business Journal, the future looks very bright for Unitas Global.
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