# Faction

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/faction

- Industry: IT Infrastructure
- Headquarters: Denver, US
- Website: www.factioninc.com
- Total disclosed funding: $18M
- Latest round: Series B (Mar 15, 2018)
- Investors on record: 5

## About

Faction Inc. specializes in innovative cloud solutions, providing services that enhance IT infrastructure resilience and data security for organizations. Their offerings cater to diverse industries, ensuring streamlined IT management and compliance.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. In April 2019, Faction raised USD 14 mn in funding led by Dell Technologies Capital, with contributions from Charterhouse Strategic Partners, Meritage Funds, RC Capital, and Sweetwater Capital. 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. Currently, Derek Pilling, Graeme McCormack, and Sean Charnock serve as the company's executives.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 serves a global clientele, with a significant presence in North America, EMEA, and APAC regions.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. This approach fosters direct partnerships with clients, allowing Faction to deliver customized solutions that enhance IT frameworks while generating recurring revenue through ongoing service agreements.Following the recent funding of USD 14 mn secured in April 2019, Faction Inc. 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. The capital raised will support these initiatives, enhancing their product offerings and facilitating entry into these new geographic regions.

## Funding rounds

- Series B, Mar 15, 2018, $18M — Charterhouse Strategic Partners, Meritage Funds, RC Capital, Sweetwater Capital, Dell Technologies Capital

## Investors

- Charterhouse Strategic Partners (https://capitalatlas.ai/funds/charterhouse-strategic-partners) — Series B
- Meritage Funds (https://capitalatlas.ai/funds/meritage-funds) — Series B
- RC Capital (https://capitalatlas.ai/funds/rc-capital) — Series B
- Sweetwater Capital (https://capitalatlas.ai/funds/sweetwater-capital) — Series B
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series B