# Performive

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

- Industry: IT Infrastructure
- Headquarters: Marietta, US
- Website: www.performive.com
- Total disclosed funding: $15M
- Latest round: Series B (Nov 12, 2019)
- Investors on record: 1

## About

Performive LLC is a managed multicloud and security service provider offering tailored cloud solutions for midsize enterprises. Their services include cloud management, data protection, and cybersecurity, enhancing clients' operational efficiency.Founded in 2005, Performive LLC operates from Marietta, US, providing managed multicloud solutions. While there is no mention of pivots or subsidiaries, the company has successfully completed four deals, with their latest round being VENTURE DEBT, raising USD 27.50 mn on November 4, 2024, led by Crestline Investors. Overall, they have raised a total of USD 8.00 mn. The company is led by CEOs Bass Bridgforth, Edgar Waters, Gary Simat, Thomas Thorson, and Zakir Shah.Performive is a managed multicloud and security service provider that specializes in delivering fully managed cloud solutions tailored for midsize enterprises (MSEs). The company’s core offerings include managed cloud services, managed data protection, and managed security solutions. These services enhance operational efficiency, ensuring that mission-critical data remains secure, accessible, and recoverable. Performive’s solutions leverage advanced technologies, including VMware-based cloud infrastructure and partnerships with leading data protection providers like Veeam. The target customer base encompasses various industries, including healthcare, finance, manufacturing, and retail, focusing on clients in the United States, Canada, and select regions in Europe. Their services facilitate cloud migrations, cybersecurity management, and remote workforce solutions, addressing the unique challenges faced by their clients in an increasingly digital landscape.Performive operates on a subscription-based revenue model, providing managed services to its clients through long-term contracts ensuring continuous support and maintenance. The company’s revenue structure is predominantly B2B, engaging directly with midsize enterprises that require customized cloud solutions and cybersecurity services. Clients typically enter agreements for specific service packages, facilitating predictable monthly billing cycles. Performive's partnerships with major cloud providers allow them to offer tiered pricing based on the scale and complexity of the services required. The company’s revenue is bolstered by its commitment to providing 24/7 engineering support, enhancing the overall value of its service offerings for clients navigating the complexities of cloud management.In November 2024, Performive raised USD 27.50 mn in VENTURE DEBT from Crestline Investors. The funding will be utilized to enhance product offerings, improve customer experience, and pursue strategic acquisitions. The company plans to expand into new markets and geographic regions, focusing on further penetration in North America and selective growth in Europe to meet rising demand for managed multicloud services.

## Funding rounds

- Series B, Nov 12, 2019, $8M — Layer 7 Capital
- Series A, Dec 14, 2017, $7M — Layer 7 Capital

## Investors

- Layer 7 Capital (https://capitalatlas.ai/funds/layer-7-capital) — Series A, Series B