Faction
Latest round
- Series B
Last raised
- Mar 2018
Total raised
- $18M
Investors
- 5
About Faction
Faction Inc. specializes in innovative cloud solutions, providing services that enhance IT infrastructure resilience and data security for organizations.Faction Inc. was founded in 2006 and is headquartered in Denver, US. The company focuses on delivering cloud solutions designed to meet modern IT demands. The company has successfully completed 7 deals to date, reflecting its growing footprint in the technology sector. The founders, Amjad Suleman, Kevin Barker, and Luke Norris, have previously contributed to the technology landscape, with notable expertise in cloud services.Faction Inc. offers a comprehensive suite of cloud-based solutions tailored for today's complex IT environments. Their flagship 11:11 Cloud platform includes managed public and private cloud services, alongside backup solutions and disaster recovery as a service (DRaaS). Enterprises across various sectors, such as education, finance, healthcare, and government, utilize these offerings to modernize their IT infrastructure and ensure data security.Faction's revenue model is predominantly subscription-based, focusing on managed cloud services and backup solutions. Clients enter contractual agreements to access the 11:11 Cloud platform and backup services, with pricing plans accommodating different usage needs through monthly or annual contracts. is poised for strategic growth, emphasizing product development in new cloud solutions anticipated to launch by late 2023. The company aims to expand its services into untapped markets within EMEA and APAC, targeting a rollout by mid-2024.
Who invested in Faction
5 investors across 1 round
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Funding rounds
Series B
Mar 15, 2018
Amount
$18M
Investors
Questions about Faction
Who invested in Faction?
Faction has 5 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Faction raised?
Faction has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Faction last raise money?
Faction's most recent round on record is a Series B, in Mar 2018.
What does Faction do?
Faction is a it infrastructure company.
Where is Faction headquartered?
Faction is headquartered in Denver, US.
Which VCs invest in companies like Faction?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back it infrastructure companies at Faction's stage. Their profiles are linked below.
VCs backing it infrastructure startups at Series B
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