Enterprise IT Startup TenFour Brings In $18 Million

TenFour completed $18 million in financing. The round was led by NewSpring Capital.

TenFour’s IT infrastructure utility delivers IT Units, similar to BTUs of gas or kWh of electricity. Each ITU comes with tightly integrated, foundational services that manage clients’ full IT infrastructure lifecycles. The engagement process starts with a Catalyst study to determine the business value and the right roadmap to achieve goals. The remaining foundational services provide an integrated service experience to make sure clients’ IT systems work.

According to the company, proceeds from the new funding will be used to accelerate growth through continued investment in sales, marketing and product development.