“There’s no question that the enterprise datacenter is growing in importance – and complexity. We are focused at reducing that complexity with a next generation solution that we believe is going to change the computing landscape,” said Ken Chow, vice president of finance and CFO, at Azul.

To make that happen, the company has teamed with major investors, including Accel Partners, Austin Ventures, ComVest, Redpoint Ventures and Lighthouse Capital Partners.
“Azul’s undertaking is enormous. But with our strong internal team and these investors behind us, we’re poised for success,” said Chow. “We have the resources – both in intellectual and financial capital – that we need to succeed.”

Among these resources was a huge capital expenditure requirement for product development. “Getting the equipment needed for R&D was critical to getting us off the ground. By any measure, our requirements were enormous – particularly for a small startup that was months away from achieving revenue. A bank loan was not the answer,” said Chow. “We needed a partner who didn’t just look at the balance sheet, but was willing to look at the ‘bigger picture’ and recognize the longer term potential of the company.”

“Lighthouse fit the bill. It was the only venture lender that took the time to understand our potential and was willing to take the risks with us. Moreover, their investors showed a flexibility that was unmatched by other venture lenders. They tailored their investment to meet our needs. This flexibility, combined with their competitive pricing, is giving us the kind of support we need to make our vision a market reality.”