UKCloud has secured a £25m investment to grow its team and expand its presence in the public sector cloud computing market.
The investment has been made by Digital Alpha, an investment firm backed by Cisco, one of UKCloud’s partners.
The company has grown quickly in recent years, capitalising on the rise of the G-Cloud government procurement framework. It differentiates itself from public cloud computing giants such as Amazon and Microsoft by providing a multi-cloud platform which aims to meet the needs of public sector organisations.
It has also made a number of high profile hires. Cleveland Henry, who led the roll out of NHSmail and NHS Choices during a six-year stint in the civil service, joined as director of cloud at UKCloud’s healthcare division late last year.
Commenting on the funding announcement, Simon Hansford, CEO of UKCloud, said: “The investment from Digital Alpha demonstrates their confidence in our differentiated business model and gives us tremendous potential to scale, accelerate our growth in the UK public sector saving taxpayer money and driving better insights for decades to come.
“Importantly our alignment with Cisco is a force multiplier, enabling our product development and helping us further differentiate from our competitors enabling us to accelerate our investment in sales, marketing, customer experience and new markets.”
The companies’ data centres are powered partly by Cisco technology and located within the same facilities as Crown Hosting, enabling public sector clients to ensure their data is stored securely in the UK. In January, the company expanded its sovereign cloud platform, enabling organisations to store their data in Britain in the event of a no-deal Brexit.
Digital Alpha’s managing partner Rick Shrotri said the market was “ripe for rapid growth” given the low levels of cloud adoption among public sector organisations.
“UKCloud has developed a unique multi-cloud platform that is engineered to achieve government-grade assurance and native connectivity which creates significant opportunities for digital transformation in Defence, National Intelligence and other new sectors,” Shrotri added. “Our additional capital will help UKCloud scale its team of award-winning multi-cloud experts and to also shape new product lines that are pre-packaged with Cisco’s multi-cloud offering.”