Media Temple has raised $15 million from a group of investors led by Triangle Capital (also includes GMB Mezzanine Capital)
Media Temple has an annual growth of 70%. The company’s staff grew 30% in 2009, and is on track to increase 25% this year. Currently, Media Temple hosts over 600,000 domains and has over 87,000 clients (including projects for Sony, Adobe, Toyota, ABC). “With the opportunities presented by our new product roadmap, it became clear that now was the time to raise our first round of growth capital,” CEO Demian Sellfors, said in a press release.
The new “war chest” as CEO Demian Sellfors describes it, will not be funneled to these side projects, but rather to revamp their marquee web hosting packages (the company has three primary products: Grid Service for $20 a month, Dedicated Virtual for $50 a month, and the high-powered Nitro for $750 a month) I’m pretty sure that they will be coming out with a Grid Cloud or something like that. I’ve tried to find more on Media Temple and cloud hosting but have come up short.
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