The money comes as it steps up its software focus and discusses partnerships with big gun OEMs that could give a massive boost to its revenue.
ClearCube president and CEO, Carl Boisvert, said the company had just a handful of staff outside the US, but overseas customers accounted for around 20% of revenues. The cash influx will enable it to build up a support network for its overseas channel.
The Austin, Texas-based company’s sales focus to date has been on the healthcare, government and financial markets, and Boisvert said it would begin to target other verticals.
At the same time, it will beef up its engineering operation. While ClearCube’s proposition spans both its client device and backend blades, and the software that manages the system, Boisvert said the focus would increasingly be on the software side.
ClearCube is open to licensing both its hardware and software technology, according to Boisvert. He said that while the company was in discussions with some major league potential OEMs, he couldn’t give a timeframe for the inking of any deals. However, any OEM business would have a dramatic effect on its revenue growth, he claimed.
Clear Cube is privately held, and does not issue results, but Boisvert said revenues were currently 400% up on a year ago and it expects to hit profitability early in the second half of next year.
