Peerless Network, Inc. has announced that it has secured $15M in debt financing from Square 1 Bank. Peerless will use the financing to fund network growth, provide additional data center capacity, and enter new markets.
“The debt facilities with Square 1 Bank represent a significant achievement for Peerless providing the company greater financial flexibility as we expand,” noted Doug Lee, Peerless Network’s Chief Financial Officer. “Square 1 Bank has been a phenomenal partner in helping us meet our growth objectives.”