# Cirrascale Cloud Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cirrascale-cloud-services

- Industry: Software
- Headquarters: San Diego, US
- Website: www.cirrascale.com
- Total disclosed funding: $33M
- Latest round: Series C (May 9, 2007)
- Investors on record: 4

## About

Cirrascale Cloud Services, LLC provides innovative cloud-based solutions that enhance AI development, training, and inference workloads, empowering enterprises and developers to optimize their performance.Founded in 1991 and headquartered in San Diego, US, Cirrascale Cloud Services specializes in cloud solutions for artificial intelligence. In May 2017, the company was acquired by BOXX Technologies LLC, a portfolio company of Craftsman Capital Partners. Pj Go serves as the CEO. The company has engaged in four funding deals, with the latest being a Series C round led by Carlyle Group, raising USD 20.00 mn and achieving a current valuation of USD 154.564 mn.Cirrascale Cloud Services specializes in providing cloud-based solutions designed to enhance the development, training, and inference workloads associated with artificial intelligence (AI). The company's core product, the Cirrascale AI Innovation Cloud, allows users to test and deploy applications across a variety of leading AI accelerators, including AMD Instinct, Cerebras, NVIDIA GPUs, and Qualcomm Cloud AI. This platform is engineered to facilitate seamless integration and optimized workflows, addressing common bottlenecks in AI projects and maximizing operational efficiency. Cirrascale caters to a diverse clientele that includes enterprises and developers across multiple sectors, including technology, healthcare, and finance, focusing on markets in North America and Europe. The services are tailored for organizations seeking to leverage high-performance computing without the complexities typically associated with managing cloud infrastructure.Cirrascale Cloud Services generates revenue through a structured model that emphasizes subscription-based offerings, allowing clients to utilize its cloud infrastructure on demand. Clients engage with the company through tiered pricing plans that correlate with the level of service and capacity utilized, encompassing both B2B and direct-to-consumer transactions. The company's flagship products, including the Cirrascale AI Innovation Cloud, are integral to these pricing structures, providing clients with access to a suite of multi-GPU server and storage solutions. These transactions typically involve a setup phase followed by recurring fees based on usage metrics, ensuring that clients pay only for the resources they consume. The absence of egress and ingress data transfer fees further incentivizes companies to engage with Cirrascale for their AI needs, solidifying its position in the competitive cloud services landscape.Cirrascale Cloud Services is focused on expanding its product offerings and enhancing its market presence. The company is in the process of designing new features for the Cirrascale AI Innovation Cloud, aiming for a launch within the next several quarters. Additionally, Cirrascale plans to expand its services into new geographic markets, particularly targeting growth in regions across North America and Europe by the end of 2023. The USD 20.00 mn raised during the Series C funding will be allocated to support these initiatives, including product development and market expansion efforts.

## Funding rounds

- Series C, May 9, 2007, $20M — Carlyle Group, Sierra Ventures, Celerity Partners, Voyager Capital
- Series B, Sep 15, 2004, $13M — Carlyle Group, Sierra Ventures, Celerity Partners, Voyager Capital

## Investors

- Carlyle Group (https://capitalatlas.ai/funds/carlyle-group) — Series B, Series C
- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series B, Series C
- Celerity Partners (https://capitalatlas.ai/funds/celerity-partners) — Series B, Series C
- Voyager Capital (https://capitalatlas.ai/funds/voyager-capital) — Series B, Series C